what kind of money is a gold certificate considered to be?\ncommodity\nfiat\nrepresentative\ncurrency
what kind of money is a gold certificate considered to be?\ncommodity\nfiat\nrepresentative\ncurrency
Answer
Brief Explanations:
A gold - certificate is a form of representative money. It represents a claim on a quantity of gold held by the issuing authority. Commodity money is the actual commodity (like gold itself), fiat money has value by government decree, and currency is a general term for money in circulation. A gold certificate represents an underlying commodity (gold), so it's representative money.
Answer:
representative