Difference between morden and traditional form of money
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Answered by
210
hi,
here's your answer:
Traditional form of money consist of gold, copper coins, grains,etc which were not authorised by any external and universal authority.
but,Whereas, modern money are in the form of currencyie notes and coins which are authorised by an external authority( RBI) and nobody can refuse this money in a country.
hope it helps u !!☺☺
here's your answer:
Traditional form of money consist of gold, copper coins, grains,etc which were not authorised by any external and universal authority.
but,Whereas, modern money are in the form of currencyie notes and coins which are authorised by an external authority( RBI) and nobody can refuse this money in a country.
hope it helps u !!☺☺
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answer babe
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answer
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Answered by
68
Traditional form of money -
people used bartar system to exchange the goods and commodities without the usage of money . Because of double coincidence of wants , people stopped using bartar system
then comes copper coins , gold coins and various other coins made up of metals . This type of money was prominent during the rule of the kings and the emperors
modern form of money -
people started to print the currency for their country .Now , the money is in the form of notes , coins . It replaced the traditional bartar system
people used bartar system to exchange the goods and commodities without the usage of money . Because of double coincidence of wants , people stopped using bartar system
then comes copper coins , gold coins and various other coins made up of metals . This type of money was prominent during the rule of the kings and the emperors
modern form of money -
people started to print the currency for their country .Now , the money is in the form of notes , coins . It replaced the traditional bartar system
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