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Encyclopedia Britannica - Main :: THE-TOO |
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TOKEN MONEY , the term
change . It has now been appropriated by economists and officials to denote the smaller currency that circulates at a nominal value higher than its cost. It is contrasted with " standard " money, and is limited in its amount by state authority. Its power
tender
lower
alloys , and nickel. The French term
German
tender
French 5-franc piecesis midway between token and standard money. Representative money also bears some analogy
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