Question

Is the metallic coins still pravailing? explain.​

Answer 1

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. Metallic money is that money whose value of money (face-value) is greater than the commodity value (intrinsic value) of money.In other words, metallic money is made of metals which has less value then its face value. For example: metallic coin includes 1 rupee coin, 5 rupees coin etc.