Question

Write short note on commodity money.

Answer 1

commodity money consists of object that have value in themselves as well as value in their use as money . them items were sometimes used in a metric of perceived value in conjunction to one another in various commodity valuation or price system economies.

Answer 2

Answer:

The definition of Commodity money is money whose value comes from a commodity. Commodity money has a intrinsic value. We can use in buying goods. For example, Gold is the perfect example of it. We can use it to do business or some other things. It can be considered as an asset to be dealt with.