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

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

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

Answer

Brief Explanations:

Representative money is a form of currency that can be exchanged for a valuable good like gold or silver. It was used in gold - standard systems. It is not made of precious metals or stones itself but can be traded for commodities such as silver. It was once a common form of money.

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.