History, asked by kalimpong44, 1 month ago

what do you mean by token currency​

Answers

Answered by Simi011
0

Answer:

money where the face value of notes or coins is unrelated to the value of the material of which they are composed.

Explanation:

Hope that helps you a lot dear

Answered by Frencesca
3

Answer:

〰️Token money is a form of money which represents a greater value than its intrinsic value. Originally medium of exchange involved metals with intrinsic value – such as gold coins.Therefore banks began issuing token money – notes and coins which they promised could be converted into gold.

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Explanation:

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