gold, silver, copper, foods, alcohol, cigarettes, and drugs can all be used as commodity money.
The term you are looking for is commodity money. Some examples of commodity money are gold and silver.
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gold
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
commodity money is a good that can be used as a medium of exchange or for some other purpose
some disadvantages of commodity money are its not portable, durable, or divisible, it usually works in small economies
commodity money is a good that can be used as a medium of exchange or for some other purpose
Commodity money refers to objects that have value and can be used as money. Examples would be gold, silver, jewelry, or any metal that has value. Anything that has value to one person can be used as commodity money. If someone is in need of coffee beans and you have them but they don't, they may be willing to barter goods in exchange for coffee beans. In this case, coffee beans would be used as commodity money.
A fiat money is a money which is not backed by gold or some other commodity. Hence it's value can change over time (inflation). The US Dollar and EURO are current examples of fiat moneys.
Commodity money is a good that can be used as a medium of exchange or for some other purpose.
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
Some of the best commodity tips are as follows: avoid problem products, coordinate your commodity investments to lower your tax bill, and choose diversified commodity baskets.