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Token Money |
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Token Money A currency with cash and coin that circulate in an economy. This contrasts with account money, which is used for accounting purposes but is not the money people actually use. For example, in 1999, the euro became the account money in many countries in the EU; that is, company books began to be kept in euros. However, it became token money in 2002, when euro notes and coins were first issued. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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