Question: Commodity money is a system in which a commodity is singled-out, and prices are expressed in terms of that quantity (e.g., gold or silver).

Commodity money is a system in which a commodity is singled-out, and prices are expressed in terms of that

Commodity money is a system in which a commodity is singled-out, and prices are expressed in terms of that quantity (e.g., gold or silver). What physical property would a commodity need to possess to be a good candidate to become money? In a commodity money system, what happens to the price level if the quantity available of the commodity rises?

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