Encyclopedia > Representative money

  Article Content

Representative money

Representative money refers to money that consists of a token or certificate that can be exchanged for a fixed quantity of a commodity such as gold and silver. For nearly the whole of the 20th century most currencies were examples of representative money in that they were based on the gold standard in which a currency could be exchanged for a fixed amount of gold.

see also commodity money

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Classes (SUMO)

... violent contest[?], virus, visual attribute[?], vitamin, volt, volume measure, walking, war, warm blooded vertebrate[?], water, water area[?], watt, weapon, weber, ...