.which is an example of a commodity
Commodity money is a form of money with an intrinsic value. Some of the best examples of commodity money are silver and gold coins. Currency(cash) or banknotes do not have intrinsic value and are virtually worthless in itself. It only has value because society views it as a unit of exchange. This type of currency is called fiat money. 1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. 1. A basic good used in commerce that is interchangeable with other commodities of the same type. Example of commodity Money Commodity Money that are used as mediums of exchange embrace gold, silver, copper, salt, peppercorns, tea, giant stones, embellished belts, shells, alcohol, cigarettes, cannabis, candy, nails, cocoa beans, cowries and barley. this stuff were generally employed in a metric of perceived worth in conjunction to at least one another, in numerous trade goods valuation or value system economies. What is a 'Commodity' A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type; commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. Commodity money is money whose worth comes from a Commodity of that it's created. Commodity cash consists of objects that have value in themselves furthermore as worth in their use as money Example of commodity Money Commodity Money that are used ... For example, the Chicago Board of Trade stipulates that one wheat contract is for 5,000 bushels and also states what grades of wheat can be used to satisfy the contract. There are two types of traders that trade commodity futures. SearchCloudStorage. 1  Google Cloud Storage Google Cloud Storage is an enterprise public cloud storage platform that can house large unstructured data sets. 2  RESTful API A RESTful application program interface breaks down a transaction to create a series of small modules, each of which addresses an... SearchCompliance. 1  pure risk (absolute risk) Pure risk, also called absolute risk, is a category of threat that is beyond human control and has only one possible outcome if 2  ... risk assessment Risk assessment is the identification of hazards that could negatively impact an organization's ability to conduct business. By definition, a commodity product lacks a unique selling point. In an IT context, the term usually differentiates typical consumer products from specialized or high-performance products. A commodity, in this context, is a low-end but functional product without distinctive features. A commodity computer, for example, is a standard-issue PC that is widely available for purchase. As technologies and markets for a given product mature, it is more likely to be considered a commodity, at least in its more basic implementations. SearchSecurity. 1  hacker A hacker is an individual who uses computer, networking or other skills to overcome a technical problem. 2  antivirus software (antivirus program) Antivirus software is a class of program designed to prevent, detect and remove malware infections on individual computing ...
The examples of commodity is, money are silver and gold coins.