Which of the following is not a problem with commodity money? value portability uniformity divisibility
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Value is not a problem with commodity money.
Commodity money is money in which the value comes from a commodity it is made of.
Commodity money consists of objects that have intrinsic value and value in their use as money.
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Value is not the problem with commodity money
Explanation:
Value is the monetary value in exchange of any commodity. Commodity money considered the transaction which has value in its own not a created value. Commodities money has various examples which are mentioned below.
- Copper, silver, gold
- Salt, paper corns, tea
- Alcohol, cigarettes, belts, shells
- Cocoa beans, barley, nails and candies
Such commodities were known for medium of an exchange to complete the transaction.
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