Commodity Money
Subject: Finance | Topics:

Commodity Money is using a specific commodity as a variety of money. Commodities such as silver and gold have been used for years as a technique of payment. Oil in addition has become a precious resource that is certainly used in this particular form. Commodity money is money whose value emanates from a commodity that it is created. Commodity money is made of objects that get value in themselves and also value in their own use as funds.

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