1.

Distinguish between:Paper money and metallic coins

Answer»
Basis of differencePaper money Metallic money
1. DefinitionPaper money is the money that consists of currency notes issued by the government or the central bank of that country.Precious metals or any other metal having high intrinsic value used as money are called metallic money.
2. DevelopedIt was developed as a substitute of metallic currencyIt was developed before the development of paper money.
3. DurabilityPaper money is less durableMetallic money is highly durable.
4. PortabilityIt possesses a higher degree of portability.It possesses a lower degree of portability
5. ExamplesPaper notes of Rs. 5, Rs. 10 etc.Gold coins, silver coins etc.



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