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Q: What commodity was used as currency in the 1400s?
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What was the currency in Spain in 1400s?

It was the dinheiro


Is currency a commodity?

Yes.


What money was used in South Africa from the 1400s until today?

There is no single currency in use from the 1400's till today.


What was the british currency during 1776?

the currency that was printed during the revolutionay war was the commodity money


What is meant by the term 'commodity currency'?

Commodity currency is the name given given to currencies of countries that depend heavily on the export of certain raw materials for income. These is typical for developing countries.


How do you match a product with the type of market in which it is sold?

oil = commodity dollars = currency exchange market treasuries = bond market Corn and wheat-Commodity market Pesos and yen-Currency exchange market Munis and Treasuries-Bond market


What best explains the difference between a fixed currency and a floating currency?

The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.


What is Commodity backed money?

Commodity-backed money is just what it sounds like: it's a currency where every unit of money--dollars, say--is backed by a stated amount of a commodity held in reserve by the government.


What is Commodity-backed money?

Commodity-backed money is just what it sounds like: it's a currency where every unit of money--dollars, say--is backed by a stated amount of a commodity held in reserve by the government.


Was wheat used as commodity money by the American colonies?

where was salt used as commodity money


What money was used from 410AD to late 1400s?

They used Shillings


Are there individuals who specialize in online currency trading?

There are individuals and companies who specialize in online currency trading. Currency is just like any other commodity such as, sugar, wheat, corn, oil, textiles, silver, etc.