Which of these kinds of payment would be the best example of using commodity money? A. Darryl gives Mike cash (paper money). B. Darryl pays Mike using coins. C. Darryl pays Mike with his credit card. D. Darryl gives Mike a collectable football jersey.

Question

Geography

Thomas Bird

22 March, 10:25

Which of these kinds of payment would be the best example of using commodity money? A. Darryl gives Mike cash (paper money). B. Darryl pays Mike using coins. C. Darryl pays Mike with his credit card. D. Darryl gives Mike a collectable football jersey.

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Answers (2)

Know the Answer?

Cristian · Answer 1

D. Darryl gives Mike a collectible football jersey.

Adalynn Pham · Answer 2

D. Darryl gives Mike a collectible football jersey.

Commodity money is a form of currency that's value exists within and of itself. A commodity is used to trade for the sum of money at which it has perceived value. If a collectible football jersey has been appraised at $250, then as a commodity, the jersey may be used to trade for goods or services of the same value.