Advertisement Remove all ads

Fill in the Blank with Appropriate Alternatives Given Below in the Case of __________ Coins, Intrinsic Value is Less than Their Face Value. - Economics

MCQ

Fill in the blank with appropriate alternatives given below

In the case of __________ coins, intrinsic value is less than their face value. 

Options

  • token

  • full bodied

  • representative

  • standard

Advertisement Remove all ads

Solution

In case of token coins, intrinsic value is less than their face value. 

Explanation:

Intrinsic value of token coins refers to the value of the metal which a token coin is made of. On the other hand, face value is the value which is mentioned on the coin. Since token coins are made up of cheap metals, in case of token coins, the intrinsic value is less than their face value.

Concept: Meaning of Money
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 11 Money
Exercise | Q 1.2 | Page 101
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×