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In the case o...

Question

In the case of __________ coins, intrinsic value is less than their face value.

A

token

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B

full-bodied

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C

representative

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D

standard

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Solution

The correct option is A token
Token coins are such coins whose face value is greater than is commodity value. In other words, its intrinsic value (commodity value) is less than their face value. For example- the ten rupee coin in India has a very low commodity value as compared to its face value which is Rs.10.

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Q. State whether the following statement is True or False.
In the case of token coins, the face value is less than their intrinsic value.

Q. Token coins are coins whose face value is greater than their intrinsic value.

Q. State whether the following statements are true or false.
1. Metallic coins are easily portable than paper notes.
2. Token coins are coins whose face value is greater than their intrinsic value.
3. Money facilitates estimation of national income.
4. A cheque is a fiat money.
5. Money increases productivity of capital.

Q. State whether the following statement is True or False:
Token coins are such coins whose face value is greater than their intrinsic value.

Q. The fare value is less than its intrinsic value in case of token money.

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