Concept:Token money refers to money whose face value is greater than the value of the metal or material from which it is made.
Explanation:Some forms of money derive their worth from the actual material used to make them, such as gold or silver.
Commodity money has value because the material itself has intrinsic worth.
Legal tender is the official status that makes money acceptable for payment, not a category based on metal content.
Bank notes are paper money, and their face value is not linked to the paper material.
The question specifically refers to a face value greater than the metal content.
This occurs when coins are made from metal worth less than the denomination printed on the coin.
Such money is called token money.
The government declares its value, and people accept it because of that legal declaration, not because of its metallic value.
Therefore, the correct option is token money.
Answer:C. token money