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CLEP Principles of Macroeconomics Exam Prep

Category - Macroeconomics

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The following are examples of commodity money except:

Bonds
Gold
Silver
Cigarettes

Explanation

Answer - A - Bonds are not an example of commodity money.

Key Takeaway: Commodity money is a type of money that holds value of the commodity itself. Examples of commodities are rare stones and naturally scarce materials such as gold and silver. Other types of commodities that have been used as money include stones, rice, tea, cigarettes, and alcohol.

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CLEP Principles of Macroeconomics Exam Prep

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