With token money, the face value is greater than the intrinsic value.

Question

Quizplus · Accepted Answer

Token money refers to money where the face value or nominal value is greater than the intrinsic value or the value of the material used to make the money. This is because the value of token money is not derived from the material used to make it, but rather from the government's guarantee that it can be exchanged for goods and services. Examples of token money include coins and paper currency.

With Token Money, the Face Value Is Greater Than the Intrinsic