What are the different Types of Money? Match the definition with the type of money.
Question 1 options:
Precious Metals, Salt, Beads, Alcohol, etc.
Checks, Bank Drafts, etc.
Certificates, Tokens; Commodity-Backed
Funds in an account; Just a number, not actual "cash"
Paper money and coins; Dollar bills, quarters, nickels, etc.
Digital money that uses the blockchain.
1.
Fiat Money
2.
Commodity Money
3.
Representative Money
4.
Fiduciary Money
5.
Commercial Bank Money
6.
Crypto Money