Answered

A monetary system where the value of monetary units is set by the specified quantity of an item is ______.

fiat money

representative money

commodity money

gold standard

Verified Answer :

W0lf93

The answer is Gold Standard Money. Gold Standard Monet refers to the value of a nation's paper money has a direct link to gold. Paper money of a country can be converted into gold in any case, if the government is willing to convert it into gold.

saadhussain514

A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.


Explanation:


A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.