Question: What is the main difference between proto-money and commodity money? Proto-money is used in barter, but commodity money is not. B) There is no substantive

What is the main difference between proto-money and commodity money?

Proto-money is used in barter, but commodity money is not.

B) There is no substantive difference.

( Proto-money is not made from gold, but commodity money is.

Proto-money is more similar to fiat money than commodity money.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!