what is true of representative money? check all that apply.\nit can be exchanged for a valuable good.\nit…
what is true of representative money? check all that apply.\nit can be exchanged for a valuable good.\nit was once the most common form of money.\nit was used in systems involving a \gold standard.\\nit can be traded for a commodity such as silver.\nit is made with precious metals or stones.
Answer
Brief Explanations:
Representative money is a form of currency that represents a claim on a commodity like gold or silver and can be exchanged for it. It was used in gold - standard systems. It is not made of precious metals or stones itself but can be traded for valuable goods or commodities. While it was important, it may not have been the most common form of money at any one time.
Answer:
It can be exchanged for a valuable good. It was used in systems involving a "gold standard." It can be traded for a commodity such as silver.