Question

Money whose face value exceeds its commodity value is called: (1)
(a) Full bodied money
(b) Credit money
(c) M1 measure
(d) Fiduciary money​

Answer 1

Answer :

Is (B).

Explanation :

It is that money whose value of money (face-value) is greater than the commodity value (intrinsic value) of money. Token coins and promissory notes are part of credit money. In other words, the money whose intrinsic value (as a commodity) is much lower than its face value is known as Credit money.

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Answer 2

Explanation:

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♡ ↪☛ Credit money

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