Token money is:
A)minted by the Bank of Canada.
B)minted by the Royal Canadian mint.
C)minted by the Treasury of Canada.
D)not considered to be part of the money supply.

Question

Quizplus · Accepted Answer

Token money refers to coins that have a face value greater than their intrinsic value, which means that the value of the metal used to produce the coin is less than the value of the coin itself. These coins are typically minted by the Royal Canadian Mint and are considered to be part of the money supply.

Token Money Is