Share This Article:

Economic Definition of commodity money. Defined.

Offline Version: PDF

Term commodity money Definition: A medium of exchange (money) with both value in use and value in exchange. Commodity money is first and foremost a commodity that provides users with satisfaction of their wants and needs. However, it also has the secondary function of a medium of exchange.

 

« commodity exchange | common market »

Permalink: http://glossary.econguru.com/economic-term/commodity+money

Alphabetical Reference to Over 2,000 Economic Terms