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)all of the above

Question

Quizplus · Accepted Answer

Full-bodied money refers to coins that have their value equal to the value of the metal they contain. This means that the coins are made of valuable metals like gold or silver, and their worth is determined by the weight and the purity of these metals. Representative full-bodied money, on the other hand, refers to coins that are not made of precious metals but are backed by them. Token coins have no intrinsic value and their worth is determined by their face value. Therefore, the correct answer is A) full-bodied money.

When Coins Have an Intrinsic Value Equal to the Value