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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.


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Byline: Gilbert Felongco, Correspondent Manila: A top official said it is up to the police to pursue a case against a Sulu provincial executive who admitted paying token money to Abu Sayyaf rebels holding an Italian humanitarian worker hostage.
Nearly 900 people were asked how they would divide the police budget if they were in charge and given pounds 120 of token money to split on seven priorities.
Co-ordinator for Spice, Richard Coulter, said: "Racing for special token money only, there's more chance of Spice members coming away with a laugh than a full piggy bank.
 
 
 
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