Question

Distinguish between:

Standard Coins and Token Coins.

Answer 1

Standard Coins	Token Coins
(i) Standard coins are those coins whose face value is equal to its intrinsic value.	(i) Token coins are those coins whose face value is greater than its intrinsic value or metal value.
(ii) These are made of costly metals like gold, silver, etc.	(ii) These are made of cheap metals like nickel, aluminium, etc.
(iii) Indian rupees during the king’s rule were made of gold, silver, etc.	(iii) In today’s time these are used for making small payments.
(iv) These are rarely used now.	(iv) Token coins in India are ₹ 10, 5, 2, 1.