Which of the following is NOT an example of a commodity money?

A Federal Reserve note
Cigarettes in the POW camp
A Spanish piece of eight in the 17th century
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 rose.
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.


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