what gives commodity money its value?\no a governments guarantee of its value\no the type of material with…

what gives commodity money its value?\no a governments guarantee of its value\no the type of material with which it is made\no its rate of exchange in other countries\no the ability to trade it for a valuable good

what gives commodity money its value?\no a governments guarantee of its value\no the type of material with which it is made\no its rate of exchange in other countries\no the ability to trade it for a valuable good

Answer

Brief Explanations:

Commodity money has value because of the material it is made of. For example, gold - coins have value due to the gold content. It's not based on government guarantee (like fiat money), exchange - rate in other countries, or just the ability to trade for a good. The material itself has inherent value.

Answer:

the type of material with which it is made