Pasta is, typically a noodle made from an unleavened dough of a durum wheat flour mixed with water and formed into sheets or various shapes, then cooked and served in any number of dishes. It can be made with flour from other cereals or grains, and eggs may be used instead of water.
Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular historical relevance when analyzed in light of Gresham's Law.
Spot price for any commodity is the price you would have to pay at this specific moment to obtain the commodity. Spot price is, in effect, the commodityâs âright nowâ price. This does not mean that it exists in isolation from commodity market trends, however. Spot price for a non-perishable commodity like silver is strongly affected by the expected future spot price.