Question

Describe in brief Tughluq's policy of 'token ' currency.​

Answer 1

Explanation:

Answer: Muhammad Tughluq also paid his soldiers cash salaries. But instead of controlling prices, he used a “token” currency, somewhat like present-day paper currency, but made out of cheap metals, not gold and silver. People in the fourteenth century did not trust these coins

Answer 2

Answer:

Tughluq did not control prices of the goods. Instead, he used a token currency, made out of cheap metals, and not of gold and silver. ... They saved their gold and silver coins and paid all their taxes to the state with this token currency. This cheap currency could be counterfeited easily

Explanation:

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