Question

read the situation and answer the question that follows.
darryls car breaks down, so he calls his friend mike, who is a talented mechanic. mike fixes the car, and darryl needs to pay mike for his work.
which of these kinds of payment would be the best example of using commodity money?
a. darryl gives mike cash (paper money)
b. darryl pays mike using coins
c. darryl pays mike with his credit card
d. darryl gives mike a collectable football jersey.
please select the best answer from the choices provided
a
b
c
d

Explanation:

Commodity money has intrinsic value (value in itself) beyond being a medium of exchange. Cash, coins, and credit cards are fiat money or digital payment methods with no intrinsic value. A collectable football jersey has inherent worth as a physical item, making it commodity money.

Answer:

D. Darryl gives Mike a collectable football jersey.