What is token money?

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Question: What is token money?

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money where the face value of notes or coins is unrelated to the value of the material of which they are composed. In economics, Token money, or Token, is money that has little intrinsic value compared to its face value. In economics, Token money, or Token, is money that has little intrinsic value compared to its face value. Token money definition is - money of regular government issue (such as paper currency or coins) having a greater face value than intrinsic value.

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Hiya

Hiya

Hyderabad, India

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