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Single Answer MCQ
Q-00045383

What type of money refers to objects that have intrinsic value?

1

Fiat money

2

Commodity money

3

Representative money

4

Paper money

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Commodity money

Solution:

Commodity money refers to items that have intrinsic value, such as gold or silver coins, which are useful beyond just being a medium of exchange.

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