Advertisements
Advertisements
Question
Distinguish between the following :
Paper money and Metallic coins.
Solution
| Sr.No. | Paper Money | Metallic Coins |
| (i) | It refers to that money which is in the form of paper currency notes issued by the government of the country. | It refer to money which is made of metals like gold, silver, copper, etc. |
| (ii) | Cost of printing notes is less. | They are not economical to produce. |
| (iii) | They are suitable for large transactions. | They are suitable for small transactions |
| (iv) | Paper money is comparatively more portable but less durable. | Metallic coins are comparatively less portable but more durable. |
APPEARS IN
RELATED QUESTIONS
Convertible paper money and Inconvertible paper money.
Cheque is an optional money.
Convertible paper money and Inconvertible paper money.
Distinguish between Legal tender money and Non-legal tender money.
Distinguish between the following.
Metallic Money Paper Money.
(b) current account
(c) recurring account
(d) fixed deposit account
Distinguish between :
Current deposits and Fixed deposits.
Distinguish between Any FOUR of the following :
Metallic money and Paper money.
Answer in brief.
Explain the definitions of Money.
Write Short Note.
Commodity money
Answer the following question
What are the different types of money?
Distinguish between -
Commodity money and metallic money
Distinguish between
Paper money and metallic coins
Give reason or explain.
Any commodity cannot act as money.
