Commodity money is

A.backed by gold.
B.the principal type of money in use today.
C.money with intrinsic value.
D.receipts created in international trade that are used as a medium of exchange.

Respuesta :

Answer:

The correct answer is letter "C": money with intrinsic value.

Explanation:

Commodity money refers to the value items have themselves (intrinsic) and the value they have to purchase other goods. Commodity money opposes fiat money which is a currency issued by governments with a value imposed that does not represent the actual value of the paper or coin it is. In such a case, fiat money is only used as a medium of exchange.

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