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Question
Distinguish between -
Commodity money and metallic money
Solution
| 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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