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

Assessment: JAMB UTME - Commerce - 2014 Subject: Commerce

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A form of money with face value which is greater than the value of the metal content is
Answer Details
Token money is a form of money with face value that is greater than the value of the metal or material content. It can be made of paper, plastic, or metal and is used as a medium of exchange in place of real money or commodity money. Token money is legal tender, meaning it is recognized by law as a valid payment for debts and taxes. Unlike commodity money, the value of token money is not based on the material it is made of, but rather on the trust and confidence that people have in its worth.
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