What gives commodity money its value?

What gives commodity money its value?. Commodity money is money whose value is derived from the commodity from which it is derived. What gives commodity money its value. What gives commodity money its value?

What gives commodity money its value? Commodity money has its intrinsic value, which means if the commodity has no value, but it can be used as a means of exchange. It has value because, people, universally, give it value because it is a representation of an agreed value.

A government's guarantee of its value the type of material with which it is made its rate of exchange in other countries the ability to trade it for. The fact that commodities can be used to produce products of. The best rated what gives money its value broker etoro offers competitive offers for stocks, commodities, forex, cfds, social trading, indices, cryptocurrency, index based.

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What gives commodity money its value? The correct answer is (d.) fiat money has no value except as money, whereas. For instance, if the us government said it was no longer using the dollar, a 1 dollar bill would become worthless.

What gives commodity money its value? What gives commodity money its value? Some of the examples of commodity money.