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Question
Distinguish between
Paper money and metallic coins
Solution
| Basis of difference | Paper money | Metallic money |
| 1. Definition | Paper 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. Developed | It was developed as a substitute of metallic currency. | It was developed before the development of paper money. |
| 3. Durability | Paper money is less durable. | Metallic money is highly durable. |
| 4. Portability | It possesses a higher degree of portability. | It possesses a lower degree of portability. |
| 5. Examples | Paper notes of Rs. 5, Rs. 10 etc. | Gold coins, silver coins etc. |
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