Distinguish between -
Full bodied money and token coins
Basis of difference
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Full bodied money
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Token coins
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1. Definition
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Full bodied money refers to money whose intrinsic value (value of the metal) is equal to the face value of the engraving on the currency.
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Token coins are those whose face value is more than its intrinsic value.
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2. Made up of
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It is made up of precious metals.
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It is made up of cheaper metals.
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3. Examples
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Gold coins, silver coins etc.
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Aluminium coins, nickel coins etc.
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