Question

What type of money is toilet paper? Your options are: commodity, commodity-backed or fiat money.
What function of money is toilet paper performing? Your options are: medium of exchange, unit of account or store of value.

Answer 1

What type of money is toilet paper? It is commodity money. Commodity money physically uses a specific commodity as a form of currency.

What function of money is toilet paper performing? It is being used as a medium of exchange.