Economy, asked by yadavnadani05, 1 year ago

advantages and disadvantages of modern money

Answers

Answered by mahe8
0
advantage- to restrict black money in the people.
dis advantage - many middle class families will suffer
Answered by Nyaberiduke
0

Modern money is a form of money transactions that uses paper money as a means of transaction and it has the following advantage and disadvantage.

Advantage;

Portability,It easier to carry paper money make any payments anywhere because they can be carried anywhere as compared to metallic money.

Disadvantage;

Loss of durability,paper money can be vulnerable to damage and in this case it becomes valueless.


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