Which of the following is an example of representative money?
a. a fur coat
c. gold earrings
b. diamonds
d. an iou note

D. An IOU note is the correct answer.

Explanation:

The money which is produced by the government and backed by a physical commodity is known as representative money.  Financial instruments like checks and credit cards are also representative of money, Checks and credit cards can be used to make payment for a later date. Currency is representative money. Before 1971 most of the currencies around the world were backed by gold and were representative.