Economy, asked by sanasaba1916, 2 months ago

1411
Write the differences between standard money and token money
(any four).

Answers

Answered by gamerhadcommando

1

Answer:

I don't know sorry for disturbing

Answered by shraddha2692006

0

Answer

Token money is made of cheaper metal; it is limited legal tender; it is not subject to free coinage and its face value is greater than its intrinsic or metallic value. Token money consists of small coins. ... It cannot, therefore, be called standard money. It is a mixture of the standard and token money.

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