What type of money has value based on intrinsic worth?

A commodity money
B fiat money
C digital money
D currency

Question

What type of money has value based on intrinsic worth?   A commodity money   B fiat money   C digital money   D currency

thongdat2 · Answer

Answer: Commodity money      Explanation: has intrinsic value because it has other uses besides being a medium of exchange. Fiat money serves only as a medium of exchange, because its use as such is authorized by the government; it has no intrinsic value.

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