[Answer] What gives commodity money its value?

Answer: The type of material with which it is made

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What gives commodity money its value? Advantages of Commodity Money - scribd.com What Gives Cryptocurrency its Value What Gives Cryptocurrency its Value - Best Coin Strategy Commodity money - Wikipedia the free encyclopedia Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representative money which has little or no intrinsic value but represents something of value and fiat money which has value only because it has been established … Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representative money which has little or no intrinsic value but represents something of value and fiat money which has value only because it has been established as money by government regulation. Sat Jul 11 2020 14:30:00 GMT-0400 (Eastern Daylight Time) · A commodity money is a physical good that has ‘intrinsic value’ – a use outside of its use as money. Historic examples include alcohol cocoa beans copper gold silver salt sea shells tea and tobacco. There are four main characteristics of commodity money – it’s durable divisible easily exchangeable and rare. MONEY . 10 terms. iqra_malik3. Economic Policy. Commodity money is money whose value comes from a commodity of which it is made . Commodity money consists of objects having value or use in themselves (intrinsic value ) as well as their value in buying goods. This is in...

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