Legal Tender Money Quiz

Credit money

Silver coins (correct)

Paper notes

Gold coins

Representative full bodied money is made of gold and silver, while full bodied money is made of paper

There is no difference between the two

Face value is equal to intrinsic value in full bodied money, while it is less in representative full bodied money (correct)

Full bodied money is used for unlimited legal tender, while representative full bodied money is used for limited legal tender

Limited legal tender money and unlimited legal tender money.

<p>Money whose intrinsic value is less than its face value</p> Signup and view all the answers

<p>It is a form of money in which the face value is equal to the intrinsic value of money.</p> Signup and view all the answers

<p>It is a form of money whose intrinsic value is lower than its face value.</p> Signup and view all the answers