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    Principles of Macroeconomics Study Set 8
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    Exam 16: The Monetary System: The Meaning of Money
  5. Question
    Commodity Money Is
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Commodity Money Is

Question 40

Question 40

Multiple Choice

Commodity money is


A) backed by gold.
B) the principal type of money in use today.
C) money with intrinsic value.
D) receipts created in international trade that are used as a medium of exchange.

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