Multiple Choice
The primary difference between commodity money and fiat money is that
A) commodity money is a medium of exchange but fiat money is not.
B) fiat money is a medium of exchange but commodity money is not.
C) commodity money has intrinsic value but fiat money does not.
D) fiat money has intrinsic value but commodity money does not.
Correct Answer:
Verified
Correct Answer:
Verified
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