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.
The size of of profit of a business is measured by the ...
A factor necessary for siting a warehouse is nearness to ...
Which of the following functions is performed by the stock exchange markets? ...
The person who undertakes any risk in insurance business is known as ...
The art of soaping-making is an example of? ...
A royal charter was granted to the Royal Niger Company to do business in Nigeria in ...
The rules and regulations guiding the conduct of business transactions are known as ……...
An important feature of land is that it ...
A distinctive feature of a personal selling is the ...
Which of the following refers to the division of market into identifiable sub-markets ...