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commodity money
com·mod·i·ty mon·ey


noun 
Definition:
 
exchange medium representing value: a material established as a standard of value and used legally in settling debts because of its intrinsic value, e.g. the metal used to mint coins
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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