Commodity, representative, and fiat are all kinds of:
Explanation
Answer: C - There are three kinds of money: commodity, representative, and fiat. Commodity money is a medium that has intrinsic value as well as value as currency, such as gold or precious gems. Representative money is currency that is directly linked to a commodity. This type of money can be exchanged in place of trading the actual commodity to which it is linked. U.S. gold certificates are an example of representative money. Fiat money is legal tender, which is issued by a government, has no value unto itself, and is not directly linked to a commodity at a fixed rate. The value of fiat money is essentially a combination law and faith-it has value because the government says it does and the people who trade with it have faith that the money will continue to have value in the market.
