Question

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

• A. True
• B. False

Answer 1

The correct option is B False

False.

Token coins are such coins whose face value is greater than is commodity 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.