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Question
Give Reason why:
Muhammad-bin-Tughlaq’s toktn currency failed.
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Solution
Muhammad-bin-Tughlaq’s token currency failed because the coins were made of copper and brass but were given the same value as gold and silver coins. As these metals were easily available, people began forging the coins at home, leading to heavy losses to the state and the failure of the scheme.
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Important Words:
Token currency
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