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The Functions of Money; The Kinds of Money
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The Functions of Money; The Kinds of Money
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18. The Monetary System / The Functions of Money; The Kinds of Money / Problem 6
Problem 6
Which of the following is an example of commodity money?
A
Credit cards, because they facilitate transactions.
B
US dollars, because they are backed by the government.
C
Bitcoin, because it is a digital currency.
D
Gold, because it has intrinsic value and other uses.
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