Homework SourseA 1 euro coin in France is an example of near money barter m
A 1 euro coin in France is an example of
near money.
barter money.
commodity-backed money.
fiat money.
commodity money.
| A. | near money. | |
| B. | barter money. | |
| C. | commodity-backed money. | |
| D. | fiat money. | |
| E. | commodity money. |
Solution
It is fait money. The reason is its value after it is melted is not equal to one euro and it is not backed.
