commodity money

Many cultures around the world eventually developed the use of commodity money.

A good night's sleep is fast becoming one of the most precious commodities money can buy.

By contrast, commodity money which has been lost or destroyed cannot be recovered.

The use of barter like methods using commodity money may date back to at least 100,000 years ago.

It is particularly used in connection with commodity money such as gold or silver coins.

Commodity money can be used for other purposes besides serving as a medium of exchange.

Some examples of commodity money are cattle, silk, gold and silver.

Commodity money value comes from the commodity out of which it is made.

In the words of economics, it was "commodity money."

The Mesopotamian civilization developed a large scale economy based on commodity money.

That is, commodity money existed long before sovereign currency emerged.

However, they did not displace commodity money, and were used alongside coins.

However, for most of history, almost all money was commodity money, such as gold and silver coins.

Subject matter relevant to the study of banking: commodity money, coin currency etc.

Commodity money was a great improvement over simple barter, in which commodities were simply exchanged against others.

But the United States doesn't have commodity money anymore.

The money supply was fixed (being commodity money), so it could not expand with increased economic activity.

Before this time it was not possible to run a money-driven organization, as commodity money was the normal way of doing business.

Inmates use plastic pouches of mackerel as commodity money.

By overcoming the limitations of simple barter, a commodity money makes the market in all other commodities more liquid.

Commodity money is inconvenient to store and transport.

There are still drawbacks to commodity money.

One focus of this article is the relationship between simple commodity money and the more complex instruments offered in the commodity markets.

Commodity money was used when cash (coins and paper money) was scarce.

Prior to the 17th century most money was commodity money, typically gold or silver.