In medieval India, the term "Fanam" referred to :

"Fanam" refers to small gold or silver coins that were widely used as currency in Southern India, particularly during the Vijayanagara Empire and later by European trading companies. While "Ornaments" might be a tempting choice due to the coins' small size and precious metal composition, they functioned strictly as a medium of exchange rather than decorative jewelry. The core concept being tested is medieval Indian numismatics and the specific economic terminology associated with South Indian history.