When the value of money is less in alternative uses than its value in exchange, it is called:

Name: When the value of money is less in alternative uses than its value in exchange, it is called:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Token money refers to money whose face value exceeds its intrinsic value, meaning it is worth more in exchange than the material it is made from. This contrasts with full-valued money, where the material worth and face value are closely matched.

When the Value of Money Is Less in Alternative Uses