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Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
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Which of the following is not a commodity?
gold
Why is gold traded on the commodities market?
Because it is a commodity.
In economics gold and salt are examples of which form of money?
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
What was the most valuable commodity on the trans Sahara trade route?
Gold
Governments once printed money and promised it could be exchanged at a specific rate for a particular commodity. What was the most common commodity used?
gold
Is gold a commodity?
Yes. Gold is a commodity and investment
Mexican gold identification?
Gold is the same gold anywhere; that is why it is a 'commodity'.
What are the examples of commodity money?
gold
What are examples of commodity money?
gold
What is gold mcx?
Gold is an very popular commodity of MCX.
What is africas most profitable commodity?
Gold
Which of the following is not a commodity?
gold
What does the company Comex Gold do?
No company exists with the exact name "Comex Gold." "Comex" is the name of several companies, including a paint manufacturer. "COMEX Gold" usually refers to "Commodity Exchange Gold," ie the exchange of gold as a commodity.
Why is gold traded on the commodities market?
Because it is a commodity.
What is an example of commody money?
The term you are looking for is commodity money. Some examples of commodity money are gold and silver.
In economics gold and salt are examples of which form of money?
Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
What are some examples of commodity money?
gold, silver, copper, foods, alcohol, cigarettes, and drugs can all be used as commodity money.
