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Which of the following options are commodity money? A multiple-choice question with several possible answers. shell gold corn banknotes In modern time, fiat money is

Which of the following options are commodity money?

A multiple-choice question with several possible answers.

  1. shell
  2. gold
  3. corn
  4. banknotes

In modern time, fiat money is backed by gold.

TrueFalse

Representative money has no intrinsic value.

TrueFalse

After "Nixon shocks", one dollar can be converted to 1/35 ounce of gold.

TrueFalse

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