JAMB Commerce 2014 Objective — Question 31

Question 31 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

A form of money with a face value which is greater than the value of the metal content is a

A. legal tender
B. bank notes
C. token moneyCorrect
D. commodity money

Explanation

Token money is a form of money whose face value exceeds its intrinsic (metal content) value.

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