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 retail outlet meant to sell only a particular manufacturer's product known as a? ...
The concept that refers to the sale, transfer or exchange of goods and services is ...
A current account holder pays fees for services in form of ...
The process of creating more for a product is called? ...
Which of the following is not part of the facilities provided by the Nigerian Ports Authority? ...
A cheque that has been drawn but not presented for payment can still be honored? ...
The progragramme that makes up the operating system in a computer system is called? ...
Which of the following are elements of a valid contract? ...