A. legal tender
B. bank notes
C. token money
D. commodity money
Correct Answer:
Option C – token money
Explanation
Token Money: is money where the face value of notes or coins is unrelated to the value of the material of which they are composed.
A. legal tender
B. bank notes
C. token money
D. commodity money
Correct Answer:
Option C – token money
Explanation
Token Money: is money where the face value of notes or coins is unrelated to the value of the material of which they are composed.
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