Commodity money is an alternative use as an economic good.Representative money refers to money that consists of a token or certificate that can be exchanged for a fixed quantity of a commodity such as gold, silver or potentially water, oil or food.
Commodity money is an alternative use as an economic good.
ReplyDeleteRepresentative money refers to money that consists of a token or certificate that can be exchanged for a fixed quantity of a commodity such as gold, silver or potentially water, oil or food.