For all its disadvantages, commodity money (gold) was at least tethered to reality by a real cost of production.
实物货币(黄金)尽管有许多不利之处，但其价值毕竟受到实际生产成本的牵系。
How was the world supply of commodity money Shared among nations?
各国间是怎样分配商品货币的世界供应量的呢？
First, there is the fact that we have fiat money, not commodity money.
首先，我们没有实物货币，只有不兑现货币。
Commodity money is money that takes the form of a commodity with intrinsic value.
商品货币：以有内在价值的商品为形式的货币。
Commodity money is money that takes the form of a commodity with intrinsic value.
商品货币：以有内在价值的商品为形式的货币。
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