Academy of PakistanTest & Learning

804Active Users

Academy of PakistanTest & Learning

804Active Users

4428EconomicsMedium

Commodity money?

Ais used as reserves to back fiat money

Bhas no intrinsic value

Cis used exclusively in the economies of western Europe and north America

Dhas intrinsic value

Correct answer

D. has intrinsic value

Explanation

The correct answer is has intrinsic value.

Question ID: economics-915

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