what is true of representative money? check all that apply. it can be exchanged for a valuable good. it was…

what is true of representative money? check all that apply. it can be exchanged for a valuable good. it was once the most common form of money. it was used in systems involving a \gold standard.\ it can be traded for a commodity such as silver. it is made with precious metals or stones.

what is true of representative money? check all that apply. it can be exchanged for a valuable good. it was once the most common form of money. it was used in systems involving a \gold standard.\ it can be traded for a commodity such as silver. it is made with precious metals or stones.

Answer

Brief Explanations:

Representative money is a type of money that represents a claim on a valuable good like gold or silver. It can be exchanged for such goods and was used in gold - standard systems. It was once common. It is not made of precious metals or stones itself but represents value in them.

Answer:

It can be exchanged for a valuable good. It was once the most common form of money. It was used in systems involving a "gold standard." It can be traded for a commodity such as silver.