13 multiple choice 2 points which type of money does the diagram best describe? ? money can be exchanged for…

13 multiple choice 2 points which type of money does the diagram best describe? ? money can be exchanged for goods or metals has no value on its own includes currencies backed by gold c commodity d representative a m1 b fiat

13 multiple choice 2 points which type of money does the diagram best describe? ? money can be exchanged for goods or metals has no value on its own includes currencies backed by gold c commodity d representative a m1 b fiat

Answer

Brief Explanations:

Representative money can be exchanged for goods or metals, has no intrinsic value on its own, and includes currencies backed by gold. Commodity money has intrinsic value. M1 is a measure of the money supply. Fiat money is not backed by a physical commodity like gold.

Answer:

d. Representative