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To say that coins are "token money" means that

Multiple Choice
their face value is less than their intrinsic value.
their face value is greater than their intrinsic value.
their face value is equal to their intrinsic value.
they are not legal tender.

1 answer

To say that coins are "token money" means that their face value is greater than their intrinsic value.

Token money has a nominal value (the value printed or stamped on the currency) that exceeds its intrinsic value (the actual value of the material of which it is made).