Question

what is metallic money?
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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.

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Answer 2

Answer:

____________

★ᴍᴇᴛᴀʟʟɪᴄ ᴍᴏɴᴇʏ ᴀʀᴇ ᴛʜᴇ ᴍᴏɴᴇʏ ᴡʜɪᴄʜ ᴀʀᴇ ɪssᴜᴇᴅ ʙʏ ᴛʜᴇ ᴄᴇɴᴛʀᴀʟ ʙᴀɴᴋ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ ɪɴ ғᴏʀᴍ ᴏғ ᴍᴇᴛᴀʟs ᴛʜᴀᴛ ᴀᴄᴛs ᴀs ᴀɴ ᴜɴʟɪᴍɪᴛᴇᴅ ʟᴇɢᴀʟ ᴛᴇɴᴅᴇʀ ɪɴ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ.

Explanation:

______________

★ᴍᴇᴛᴀʟʟɪᴄ ᴍᴏɴᴇʏ ɪs ᴛʜᴀᴛ ᴍᴏɴᴇʏ ᴡʜᴏsᴇ ᴠᴀʟᴜᴇ ᴏғ ᴍᴏɴᴇʏ (ғᴀᴄᴇ-ᴠᴀʟᴜᴇ) ɪs ɢʀᴇᴀᴛᴇʀ ᴛʜᴀɴ ᴛʜᴇ ᴄᴏᴍᴍᴏᴅɪᴛʏ ᴠᴀʟᴜᴇ (ɪɴᴛʀɪɴsɪᴄ ᴠᴀʟᴜᴇ) ᴏғ ᴍᴏɴᴇʏ.ɪɴ ᴏᴛʜᴇʀ ᴡᴏʀᴅs, ᴍᴇᴛᴀʟʟɪᴄ ᴍᴏɴᴇʏ ɪs ᴍᴀᴅᴇ ᴏғ ᴍᴇᴛᴀʟs ᴡʜɪᴄʜ ʜᴀs ʟᴇss ᴠᴀʟᴜᴇ ᴛʜᴇɴ ɪᴛs ғᴀᴄᴇ ᴠᴀʟᴜᴇ. ғᴏʀ ᴇxᴀᴍᴘʟᴇ: ᴍᴇᴛᴀʟʟɪᴄ ᴄᴏɪɴ ɪɴᴄʟᴜᴅᴇs ʀᴜᴘᴇᴇ ᴄᴏɪɴ, ʀᴜᴘᴇᴇs ᴄᴏɪɴ ᴇᴛᴄ.

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