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The face value of money is more than the...

The face value of money is more than the intrinsic value for

A

(a)Bank money

B

(b)Optional money

C

(c)Token money

D

(d)Subsidiary money

Text Solution

Verified by Experts

The correct Answer is:
C

Face value is the value writ- ten on thc coin (currency), and intrinsic value is one what is obtained when the same coin is melted or sold at some cost. Token money is money whose face value exceeds its cost of production, i.e. the intrinsic value is lower than the extrinsic value. This means that the actual worth of a note or coin is much less than what we use it for.
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