Join ExamsbookAnswer : 4. "A check"
Which of the following is an example of representative money?5
Q: Which of the following is an example of representative money?
- 1Saltfalse
- 2A tract of landfalse
- 3Goldfalse
- 4A checktrue
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Answer : 4. "A check"
Explanation :
Answer: D) A check Explanation: Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,... Hence, a Check is an example of representative money.