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  5. Token Money

Token Money

Definition of 'Token Money'

A means of payment whose value of purchasing power as money greatly exceeds its cost of production of value in uses other than as money.

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Related Terms

Client MoneyAt-The-Money OptionFlight From MoneyThe Quantity Theory of MoneyAccommodatory Monetary PolicyAt-CallCapital MarketsMoney IllusionMoney Market CoverMoney TransformationOpportunity Cost of Holding MoneyRepurchase AgreementSterilisationSterilizationTime Value of MoneyTransactional Motive for Holding CashTransactions Motive for Holding MoneyAAA RatingAcceptance CreditAccident Insurance

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