Question

Distinguish between money value of money and commodity value of money

Answer 1

Money value of money refers to what is inscribed on a coin or written on a paper note. Thus, money value of a paper note is what is written on it, i.e. Rs 100, Rs 500, etc. You can buy goods and services worth of that amount in the market. Commodity value of money refers to value of the material out of which coins or currency notes are made.

Answer 2

Answer:

Answer :

• $\longmapsto$ Money value of money refers to what is inscribed on a coin or written on a paper note. Thus, money value of a paper note is what is written on it, i.e. Rs 100, Rs 500, etc. You can buy goods and services worth of that amount in the market. Commodity value of money refers to value of the material out of which coins or currency notes are made.