Economy, asked by 20100304110617, 10 months ago

which type of money is convenient for regular exchange of goods and services​

Answers

Answered by sharmareena
1

Answer:

The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money. Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order.

Answered by bratislava
2

Commodity money is convenient for regular exchange of goods and services​.

Explanation:

  • A commodity denotes the goods and services that pose value and are related to the exchange of money.  These goods have intricate values in contrast to representative money.  
  • Some examples include the medium of exchange such as gold, silver, copper, and silk, etc. The payment of the commodity provides a useful good it's similar to the barter system. It represents a single recognizable unit of exchange.

Learn more about the type of money is convenient for regular exchange of goods and services​.

  • brainly.in/question/18178699 answered by  sharmareena.
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