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.

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
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Problem 11AA
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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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