3. What is Metallic money?
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Metallic money are the money which are issued by the central bank of a country in form of metals that acts as an unlimited legal tender in the economy.
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Metallic money- is “money made of some metal”. With the drawbacks of commodity money and with economic advancement of the people, metals came to be used as money. ... Therefore metals which served as money were Gold, Silver, and Copper etc. In recent times baser metals like aluminum etc are used.
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