In the case of paper currency
A)Intrinsic value and face value are equal
B)Intrinsic value is less than face value
C)Intrinsic value is greater than face value
D)None of the above

Question

Quizplus · Accepted Answer

The intrinsic value of paper currency is less than its face value. The cost of the paper and ink used to produce the currency is much lower than the value assigned to it by the issuing authority.

In the Case of Paper Currency