Solved UPSC CDS/OTA Question
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Q · Money and Types of MoneyMedium · 45s
Q₃. Which of the following is an example of token money?
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Token money’s intrinsic value is less than its face value. Modern currency notes are token money.
Final Answer: Option C — Currency notes