A form of money with face value which is greater than the value of the…

Commerce JAMB 2021

A form of money with face value which is greater than the value of the metal contents is 

  • bank notes
  • legal tender
  • commodity money
  • token money checkmark

The correct answer is: D

Explanation

Token money is the type of money where the face value of notes or coins is unrelated to the value of the material of which they are composed.

Previous Question Next Question

Leave A Comment