Which of the following is the main reason the commodity money lost its value?

Appearance of the coins did not please people.

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It could not be stored for longer periods.

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The commodities were easily available.

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The commodities were not easily available.

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Solution

The correct option is B It could not be stored for longer periods.
Commodity money like shells, coffee, silk, etc., was perishable. Commodities used as money couldn’t be stored for long periods of time, and hence they lost their value. Therefore, people had to replace those commodities with something that had a longer life and was easy to carry.

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