Want this question answered?
The term you are looking for is commodity money. Some examples of commodity money are gold and silver.
gold, silver, copper, foods, alcohol, cigarettes, and drugs can all be used as commodity money.
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
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.
some disadvantages of commodity money are its not portable, durable, uniform or divisible, it usually works in small economies
One can purchase a commodity online using many different websites. Some examples of websites that allow one to purchase a commodity include Commodity Online and Kotak Commodities.
There are no examples to give you if you are asking about American colonies. The colonies were all English colonies and had the king as the head of government. They were all dependent on England.