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A form of money that has gone out of use is

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Commerce JAMB 2021

A form of money that has gone out of use is

  • paper money
  • commodity money checkmark
  • foreign money
  • bank money

The correct answer is: B

Explanation

Commodity money is money whose value comes from a commodity from which it is made of. Examples are gold and silver coins. In the past gold and silver were used as a medium of exchange because they had value in themselves and they could be used in exchange for other goods or services,

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