the face value of a coin is much higher than its metallic value
Answers
Answer:
The given statement is true.
Explanation:
The face value is a legal tender value which is stated on the coin. The value may be result in words. The value stamped on the coin is much higher than its metallic value because face value of a coin may be euro, rupees, dollars and cents.
The metal of the coin made up of different metals like silver, copper, and bronze. These metals are lower in cost compared to the face value of the coin.
Answer:
False, from ancient times many coins intrinsic value is higher than the actual face value of coin.
Explanation:
“Never judge a book by its cover” is a famous quote is opted for the coin intrinsic values. Face value also called as “legal tender value” and intrinsic value is calculated by analysis of corresponding metals. Some ancient coins are made in gold, silver etc., but their face value is lower than the intrinsic metal value. In modern days, "Ministry of finance", Government of India minted coins. They spend Rs. 1.11 for Re. 1 coin.