Commodity Money
Published on May 20, 2016
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PRESENTATION OUTLINE
COMMODITY MONEY
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DEFINITION
OBJECTS THAT HAVE VALUE IN THEMSELVES AS WELLAS FOR USE AS MONEY
Commodity money is money whose value comes from a commodity of which it is made.
Gold is an example of commodity money.
items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies
commodity money is similar to barter, but is distinguishable from it in having a single recognized unit of exchange.
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