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Answer to Question #108925 in Macroeconomics for Isaac

Question #108925
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.
1
Expert's answer
2020-04-13T09:05:49-0400

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.


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