answersLogoWhite

0

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.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Is currency a commodity?

Yes.


What currency is apaxmai xiaiai?

Apaxmai Xiaiai does not appear to correspond to any known currency or financial term. It may be a misspelling or a fictional name. If you meant a specific currency or term, please provide more context or clarification.


What was the british currency during 1776?

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


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 is meant by the term commodity news?

This term means news about commodities such as goods and so forth.This is how share prices are decided and how the stock market functions.The prices go up and down daily.


What currency is tpaiieza?

It seems that "tpaiieza" does not correspond to any known currency. It might be a typographical error or a misspelling. If you meant a specific currency or a term related to finance, please provide more context for clarification.


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.


How much is 500 tpaiieza worth?

I'm sorry, but "tpaiieza" does not appear to be a recognized currency or asset. If you meant a different term or currency, please clarify, and I would be happy to help you with that information.


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.


How much is 100 paxmia ekaton in 1967?

The term "paxmia ekaton" does not correspond to a known currency or measurement from 1967. It’s possible that there may be a typographical error or misunderstanding regarding the term. If you meant a specific currency or quantity, please clarify for a more accurate response.