Question

question 2 of 11
which of the following best describes commodity money?
select an answer from the options below.
a money that has no intrinsic value and is backed by trust in the issuer
b money that has intrinsic value due to its physical properties and status
c money that is only used for transactions and not stored for value
d money that is backed by the gold standard

Explanation:

Commodity money derives its value from the physical commodity it is made of, meaning it has intrinsic value due to its material properties. Option A describes fiat money, option C is incorrect as commodity money can be stored for value, and option D refers to gold-backed currency, not commodity money itself.

Answer:

B. Money that has intrinsic value due to its physical properties and usefulness