Question

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

• A. True
• B. False

Answer 1

The correct option is A True

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