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Distinguish Between the Following. Standard Coins and Token Coins. - Economics

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Distinguish Between

Distinguish between the following.

Standard coins and Token coins.

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Solution

Standard Coins Token Coins
Standard coins are those whose face value is equal to the intrinsic value.  Token coins are those whose face value is more than its intrinsic value.
It is made up of precious metals It is made up of cheaper metals
It includes such items that are short-term in nature It includes such items that are long-term in nature
Concept: Money - Store of Value
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