The use of a specific commodity as a form of money. Commodities such as gold and silver have been used for years as a method of payment. Oil has also become a precious resource that is used in this form.
Related information about commodity money:
- Commodity money - Wikipedia, the free encyclopedia
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 as ...
- What Is Commodity Money?
Commodity money is a form of money that has an intrinsic value, like gold coins. Something that serves as commodity money can...
- Commodity Money: Introduction
On September 27, 1642 the General Court went further by establishing standard prices for specific farm products that could be used as commodity money to pay ...
- Types of Money
Commodity money is money that would have value even if it were not being used as money. (This is usually referred to as having intrinsic value.) Many people ...
- Commodity Money vs Fiat Money, A Unified View
Commodity money and fiat money are commonly viewed as two quite different kinds of money. The transition from commodity to fiat money occurred in the ...
- What is commodity money? definition and meaning
Definition of commodity money: The use of a specific commodity as a form of money. Commodities such as gold and silver have been used for years as a ...
- commodity money : The New Palgrave Dictionary of Economics
From commodity money to fiat money; The nature of commodity money ... Commodity money is a medium of exchange that may be transformed into a commodity ...
- Greg Mankiw's Blog: The Chemistry behind Commodity Money
Random Observations for Students of Economics. Thursday, November 15, 2012. The Chemistry behind Commodity Money. permanent link · << Home ...