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What is the difference between commodity money and representative money?

Posted by Guest Author on March 14, 2010 at 5:38 am

pjanu asked: A) Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects
B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else [...]

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