Question

Which of the following is an example of representative money?

a. gold
b. salt
c. a check
d. a tract of land

Answer 1

C is the correct answer

Answer 2

"Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper, and even tobacco" Google.

C) A check.