Question 31
MediumOriginal questionMoney whose value as a commodity equals its value as money, such as a gold coin of full weight, is called
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
Full-bodied money is worth as much as metal as it is as money.
Today's coins are token money: the metal is worth less than the face value.
- Concept
- Full-bodied and token money
- Typical timeTypical
- 70 s
- Your timeYours
- —
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