4. Differentiate between metal money and paper money.
According to the moral education chapter, Realising the value of money
Answers
Answered by
1
Explanation:
Point of difference
Paper Money
Metallic Money
Definition
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.
Cost
Cost of printing notes is less.
They are not economical to produce.
Suitability
They are suitable for large transactions.
They are suitable for small transactions.
Durability & Portability
Paper money is comparatively more portable but less durable.
Metallic coins are comparatively less portable but more durable.
Similar questions