1 Money:types 1.fiat money has no intrinsic value example:the paper currency we use 2.commodity money ·has intrinsic value ·examples.gold coins, cigarettes in P.O.W.camps CHAPTER 7 Money and Inflation slide 5 CHAPTER 7 Money and Inflation slide 5 Money: types 1. fiat money • has no intrinsic value • example: the paper currency we use 2. commodity money • has intrinsic value • examples: gold coins, cigarettes in P.O.W. camps 1