Which of the following is
an example of a commodity money?
A Federal Reserve note
Cigarettes in the POW camp
A Spanish piece of eight in the
A U.S. silver dollar
The Roman Empire suffered serious
inflation in the second and third centuries. This
inflation was largely due to:
large increases in the amount of gold
and silver that was mined.
the tendency for gold and silver to
move from non-monetary uses to monetary uses as prices
the collapse of production and trade
caused by barbarian invasions.
the debasement of the coinage when the
government paid bills by reducing the precious metal
content of coins.