Question

what is 1)Full-Bodied Money
2)Representative Full-Bodied Money
3)Credit Money

Answer 1

Any unit of money, whose face value and intrinsic value are equal, is known as full bodied money.
Representative Full - bodied Money
It refers to money which is usually made of paper. The value of representative full-bodied money is much higher than its value as a commodity. It is accepted as money as it can be conveniently used for carrying out transactions.
Credit money refers to the money whose intrinsic value (as a commodity) is much lower than its face value.