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Distinguish Between Full Bodied Money and Token Coins - Economics

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प्रश्न

Distinguish between 
Full bodied money and token coins 

फरक स्पष्ट करा
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उत्तर

Basis of difference Full bodied money Token coins
1. Definition Full bodied money refers to that money whose intrinsic value (value of the metal) is equal to the face value of the engraving on the currency. Token coins are those whose face value is more than its intrinsic value.
2. Made up of It is made up of precious metals. It is made up of cheaper metals.
3. Examples Gold coins, silver coins etc. Aluminium coins, nickel coins etc.
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पाठ 11: Money - Exercise 3 [पृष्ठ १०१]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 11 Money
Exercise 3 | Q 1.3 | पृष्ठ १०१
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