write a short note on token currency
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Token money, or token, is money that has little intrinsic value compared to its face value. Unlike fiat money, which also has little intrinsic value, it is limited legal tender. It does not have free coinage.
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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. However, it became inconvenient to carry around sufficient gold.
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