Which of the following is not a problem with commodity money? value portability uniformity divisibility
Answers
Answered by
0
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.
Answered by
0
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.
Similar questions
Science,
8 months ago
Math,
8 months ago
Business Studies,
1 year ago
Math,
1 year ago
Social Sciences,
1 year ago