Continue reading Â». Sarojini Naidu, known as the âNightingale of Indiaâ, was a celebrated poet, playwright and Indian independence activist. She was the first woman to become President of the Indian National Congress and the first woman to achieve the post of Governor of Uttar Pradesh state.
Commodities are bulk goods and raw materials, such as grains, metals, livestock, oil, cotton, coffee, sugar, and cocoa, that are used to produce consumer products. The term also describes financial products, such as currency or stock and bond indexes.
Commodity money is a form of money with an intrinsic value. Some of the best examples of commodity money are silver and gold coins. Currency(cash) or banknotes do not have intrinsic value and are virtually worthless in itself. It only has value because society views it as a unit of exchange. This type of currency is called fiat money.