Maharashtra State BoardHSC Arts 12th Board Exam
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Write Short Note. Commodity Money - Economics

Short Note

Write Short Note.

Commodity money 

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Solution

Any commodity chosen to serve as money is called commodity money. For example - if a person having surplus wheat wants milk, he/she can exchange wheat with a person who has milk and who needs wheat at the same time. Thus, from the example it can be inferred that wheat and milk are commodity money.

Concept: Type of Money
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 11 Money
Exercise | Q 2.1 | Page 102
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