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3 November, 22:17

How can commodity money provide a measure of value?

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  1. 3 November, 23:55
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    Commodity money is the value of the things from which the commodity is made. The examples of the same are gold, silver, stones wtc., which are used as a medium of exchange. These commodities have intrinsic values and do not need the desired end product directly (money) because commodity itself has a particular value. They can be stored and are universally accepted as the value itself.
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