repersatative paper money advantage
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Advantages of Paper Money
Paper Money is Economical. Currency Notes is economical in the sense that its face value is greater than intrinsic value. ...
Paper Money is More Elastic. ...
Price Stability. ...
Paper Money Free From Cyclical Fluctuations. ...
Quick Usability. ...
Paper Money Count Quickly. ...
Easy to Move. ...
Safely Store.
Because representative money is tied to a physical object, it is less prone to depreciation by inflation. With a representative money system, the government cannot just print as much money as they want. The amount of money they can print is limited by the amount of the commodity they have.
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