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Throughout history, gold has been a valuable precious metal. Its value as a metal led many civilizations to use it as a currency. In this role, gold was serving as which type of money?
Throughout history, gold has been a valuable precious metal. Its value as a metal led many civilizations to use it as a currency. In this role, gold was serving as which type of money? A. Commodity money
B. Representative money
C. Fiat money
D. Currency money SUBMIT
Gold was serving ascommoditymoney. Money that derives itsworthfrom the commodity from which it is made is known as commoditymoney.Thus, optionAis correct.What is commodity money?Objects with intrinsic worth or use, as well as theirvaluewhen used topurchaseproducts, make up commodity money. This contrasts with fiat money, which derives its value from having been established as money bygovernmentregulation, and representational money, which has no intrinsic worth but instead represents somethingvaluablelike gold or silver, in which it can be exchanged.Gold, silver, copper, salt, peppercorns, tea,ornamentedbelts, shells, alcohol,cigarettes,silk, candies, nails, cocoa beans, cowries, and barley are a few examples of commodities that have been used as means ofexchange.Learn more aboutcommodity moneyhere:brainly.com/question/30268213#SPJ5...