Multiple Choice
Commodity money is something
A) that has no intrinsic value
B) that has an intrinsic value
C) that is based on a valuable metal
D) whose value never changes
E) whose value changes frequently
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q120: The powers of the Federal Reserve System
Q202: The reserve requirement is<br>A)the percentage of deposits
Q203: Banks earn a profit by making loans.
Q204: Which of the following countries has the
Q205: The actions of the Fed<br>A)must be approved
Q206: Which of following is not an important
Q208: If money is acceptable because the government
Q209: In prisoner of war camps during WWII
Q211: The term seigniorage refers to<br>A)the conversion of
Q212: Which of the following are legal tender?<br>A)checks<br>B)Federal