Social Studies
Social Studies, 26.06.2020 15:01, jokerr6323

Which of the following statements accurately describes the relationship between commodity money and fiat money?
A. Both commodity money and fiat money require a free-market
system.
O B. Commodity money has value in itself while fiat money has value
only because it is given value.
O C. Fiat money only has value if commodity money is a precious metal
such as gold
O D. Neither type of money can be used for any purpose other than as a
medium of exchange.

answer
Answers: 3

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Which of the following statements accurately describes the relationship between commodity money and...

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