Commodity money is
A. backed by gold.
B. money with intrinsic value.
C. money without intrinsic value.
D. principal type of money that is used today.
Answer: B
Economics
You might also like to view...
Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.
Economics
If a firm decides to produce a product that it once purchased from a firm upstream it has made a
A) horizontal decision. B) make or buy decision. C) downstream decision. D) sell or service decision.
Economics