Commodity Money: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is the best explanation of money?

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1. Which one of the following is the best explanation of commodity money?

2. What is the primary defining characteristic of commodity money?

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About This Quiz & Worksheet

To pass this multiple-choice quiz, you'll need to answer a series of questions about commodity money, such as the origins of its usage and the different forms it can take. Your quiz will be automatically scored as soon as you finish.

Quiz & Worksheet Goals

You'll need to answer questions about the following to pass this quiz:

  • The definition of money
  • The definition of commodity money
  • What the defining characteristic of commodity money is
  • How long commodity money has been around
  • Specific examples of commodity money

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on commodity money
  • Knowledge application - use your knowledge to answer questions about the characteristics and origin of commodity money
  • Interpreting information - make sure you can read information about the value of commodity money and interpret it correctly

Additional Learning

For further details, study the accompanying lesson called Commodity Money: Definition & Examples. This lesson will help you with the following objectives:

  • Define the terms money and commodity
  • Examine specific examples of commodity money
  • Review the use of precious metals, coinage, and foodstuffs
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