Cnn Commodity Money

Commodity money - Commodity money is money whose value comes from a commodity out of which it is made. Examples of commodities that have been used as money include gold, silver, copper, salt, large stones, decorated belts, shells, cigarettes, and candy.

Representative money - Representative money refers to money that consists of token coins a token or certificate that can be exchanged for a fixed quantity of a commodity such as gold, silver or potentially water, oil or food. This is to be distinguished from commodity money which is actually made of that real physical commodity.

Veil of money - Veil of money describes a problem in economics, which centers around the question of whether money is a commodity like other commodities, such as oil or gold or food - or whether it has special properties.

Cornering the market - In business, cornering the market is an illegal attempt to buy up enough of a particular commodity to allow the price to be manipulated. It is also possible to make even more money by buying futures contracts on the commodity, and selling them at a profit after inflating the price.

cnncommoditymoney

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