Question

Distinguish between modern and traditional form of money.

Answer 1

Thank you for asking the question!
With the passage of time every thing has revolutionized. If we talk about money then its clearly evident from that too. Traditional money included the barter system. In which there was no money but there was exchange of goods. This system was very backward and had various cons as similar goods had to be exchanged in this system which caused inconvenience to the buyers. Modern money is based on currency, paper notes, coins and cheques, debut cards.
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Answer 2

Heya

Here is your answer

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Modern Forms :

i) It includes currency i.e. paper  notes and coins.

ii)  Modern money is without any use  of its own.

Traditional forms :

i) It includes money of gold, silver and  copper.  

ii) The traditional money had its own uses.

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