A form of money that has gone out of use is ?
...A form of money that has gone out of use is ?
commodity money
bank money
paper money
foreign money
Correct answer is A
Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money.
Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies.
A symbol that is used to distinguish a company's product from others is a ...
A country’s balance of payments is divided into ...
In CIF contracts, risk passes at the time of shipment but the property does not pass until? ...
Which of the following countries is not a member of ECOWAS? ...
Total assets minus current liabilities is equal to a company's? ...
An artificial barrier to international trade is? ...
What is NOT an advantage of indigenization? ...
One of the functions of the stock exchange is to ...
Which of the following pieces of information would be found in a typical debit note ...