Question
What is an example of commodity money?
a tractor
coins
precious stones
currency
a tractor
coins
precious stones
currency
Answers
GPT-4o mini
An example of commodity money is **precious stones**. Commodity money is a type of money that has intrinsic value based on the material it is made from, and precious stones can hold value due to their rarity and desirability.
While coins are a form of money, they are usually considered fiat money when they are not backed by a physical commodity. A tractor is a form of capital goods, and currency typically refers to paper money.
While coins are a form of money, they are usually considered fiat money when they are not backed by a physical commodity. A tractor is a form of capital goods, and currency typically refers to paper money.