What is token money in the United States?

Name: What is token money in the United States?
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Token money refers to money whose face value exceeds its intrinsic value, meaning it is accepted as money at a value above the worth of the material it is made from. In the United States, this includes some coins and all paper money now in circulation, as the cost to produce these forms of currency is less than their face value, and their value is primarily based on trust and legal decree.

What Is Token Money in the United States