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JAMB Commerce 2014 Question 31

Question 31

Money

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

  1. A.legal tender.
  2. B.bank notes.
  3. C.token money.
  4. D.commodity money.
Show the answer and explanation

Answer: C (token money.)

Explanation

Token money (coins) is worth more as money than the metal it is made of.