When coins have an intrinsic value equal to the value of the metal they contain, they are referred to as
A) full-bodied money
B) representative full-bodied money
C) token coins
D) fiat coins

Question

Quizplus · Accepted Answer

When coins have an intrinsic value equal to the value of the metal they contain, they are known as full-bodied money. This means that the coin's value is based on the value of the metal it is made of, rather than the government's guarantee of its worth.

When Coins Have an Intrinsic Value Equal to the Value