1.

Distinguish between -Commodity money and metallic money

Answer»
Basis of differenceCommodity moneyMetallic money
1. DefinitionAny commodity chosen to serve as money is called commodity money.Precious metals or any other metal having high intrinsic value used as money are called metallic money.
2. Stage of developmentIt was developed in the initial stages of evolution of money.It was developed after the development of commodity money.
3. DurabilityCommodity money is less durable.Metallic money is highly durable.
4. PortablePossess lower degree of portability.Possess higher degree of portability.
5. ExamplesSea-shells, slat, cattle, etcGold coins, silver coins, etc.



Discussion

No Comment Found