Question

Standard coins and Token coins difference​

Answer 1

Answer:

Standard Coins Token Coins

1. Standard coins are those whose face value is equal to the intrinsic value. Token coins are those whose face value is more than its intrinsic value.
2. It is made up of precious metals It is made up of cheaper metals

Token Coins

1. Standard coins are those whose face value is equal to the intrinsic value. Token coins are those whose face value is more than its intrinsic value.
2. It is made up of precious metals It is made up of cheaper metals

Answer 2

Answer:

Standard coins are such coins whose face value is equal to its commodity value. For example- the silver coin in early India had a commodity equal to its face value. Token coins are such coins whose face value is greater than is commodity value.

Explanation:

a coin having an intrinsic value less than its face value — compare standard coin … if the metal content of a quarter is worth less than its face value of 25 cents, the quarter is a token coin. — Money and Banking, 1985.