Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be
functioning as a commodity money. This means that rice is used both as a medium of exchange and as a consumer good, making it a versatile form of money in the economy. People can use rice to buy goods and services, but they can also consume it for its nutritional value. This dual role of rice as money and consumer good helps facilitate trade and exchange in the economy.
