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Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the
Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following statements is true about this transaction? Choose one: A. The gold coins are not money because, by definition, money cannot have intrinsic value. B. This was an illegal transaction because it involved the use of a foreign currency. C. The gold coins are a fiat currency that can be used to purchase a car. D. The gold coins are a commodity-backed money with no intrinsic value. E. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value
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