1.

Distinguish between:Full bodied money and token coins

Answer»
Basis of
difference
Full bodied moneyToken coins
1. DefinitionFull bodied money refers to that money whose intrinsic value (value of the metal) is equal to the face value of the engraving on the currency.Token coins are those whose face value is more than its intrinsic value.
2. Made up ofIt is made up of precious metals.It is made up of cheaper metals.
3. ExamplesGold coins, silver coins etc.Aluminium coins, nickel coins etc



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