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Money serves as a store of value, a unit of account for expressing price, and a means of exchange for commodities and services.

What are the primary categories of goods?

The two main categories into which commodities are typically separated are hard and soft commodities. Soft commodities are agricultural goods or animals, such as maize, wheat, coffee, sugar, soybeans, and pig, whereas hard commodities are natural resources that must be mined or exploited, such as gold, rubber, and oil.

What kind of goods are examples of?

A few examples of commodities include agricultural goods like wheat and livestock, energy goods like oil and natural gas, and metals like gold, silver, and aluminum. Additionally, there are "soft" commodities, or those that can't be kept for a long time, such sugar, cotton, cocoa, and coffee.

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