If the Cost of Producing Coins Is Lower Than the Face

question 70

Multiple Choice

If the cost of producing coins is lower than the face value of the coins,then the government receives revenue called

• A)token money,and produces token coins
• B)seigniorage,and produces fiat money
• C)token money,and produces fiat money
• D)seigniorage,and produces token coins
• E)token money,and produces seignior coins

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