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Distinguish Between - Commodity Money and Metallic Money - Economics

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प्रश्न

Distinguish between -
Commodity money and metallic money

फरक स्पष्ट करा

उत्तर

Basis of difference Commodity money Metallic money
1. Definition Any 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 development It was developed in the initial stages of evolution of money. It was developed after the development of commodity money.
3. Durability Commodity money is less durable. Metallic money is highly durable.
4. Portable Possess lower degree of portability. Possess higher degree of portability.
5. Examples Sea-shells, slat, cattle, etc. Gold coins, silver coins, etc.
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पाठ 11: Money - Exercise 3 [पृष्ठ १०१]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 11 Money
Exercise 3 | Q 1.1 | पृष्ठ १०१

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