Question: What is the difference between commodity money and commodity - backed money? Group of answer choices Commodity - backed money loses value if the commodity

What is the difference between commodity money and commodity-backed money?
Group of answer choices
Commodity-backed money loses value if the commodity becomes more plentiful, whereas the commodity keeps its value.
Compared to commodity-backed money, commodity money is more convenient to store, transport, and exchange.
Commodity-backed money can be traded for other things of value, whereas commodity money cannot.
Commodity money is an actual commodity, whereas commodity-backed money is exchangeable for its underlying commodity.

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