U.S. dollars are an example of commodity money and hides used to make trades are an example of fiat money.

Question

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U.S. dollars are an example of fiat money, which is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. Hides used to make trades are an example of commodity money, which is money whose value comes from a commodity of which it is made.

US Dollars Are an Example of Commodity Money and Hides