Economics JAMB

During the era of barter; money was generally in the form of?

A. notes
B. precious metals
C. coins
D. commodities

Correct Answer:

Option D – commodities

Explanation

Commodity money is a physical good that consumers universally use to trade for other goods. It was used as money during the barter system. They include commodities such as gold, silver, copper, salt, peppercorns, tea, decorated belts, shells, alcohol, etc.

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