Representative money is currency backed by a physical commodity like gold or silver, with examples including a [tex]$100 bill.
Representative money is currency that is backed by a physical commodity such as gold or silver. In the context of the question, a $[/tex]100 bill is an example of representative money as it represents a certain value in gold or silver that the government holds. This type of money is used as a medium of exchange and store of value, based on the functions of money.
https://brainly.com/question/22848418