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15 August, 18:11

What gives commodity money its value? a government's guarantee of its value the type of material with which it is made its rate of exchange in other countries?

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  1. 15 August, 20:58
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    The type of material with which it is made gives commodity money its value.

    The value of any good is decided by its offer and demand and also the offer and demand for the different merchandise within the economy. A value for any good is that the quantity of cash it takes to induce that good. Inflation happens once the value of products increases; in simpler words, once cash becomes less valuable relative to those different goods.
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