which type of money is convenient for regular exchange of goods and services
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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.
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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.
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- brainly.in/question/18178699 answered by sharmareena.
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