Which statement is not true?   Commodity money cannot be fiat money and vice-versa.   Commodity money can be fiat money.   Fiat money can be commodity money.   Both commodity money and fiat money can be store of value.

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
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Which statement is not true?

 
  1. Commodity money cannot be fiat money and vice-versa.

     
  2. Commodity money can be fiat money.

     
  3. Fiat money can be commodity money.

     
  4. Both commodity money and fiat money can be store of value.

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