What is paper Money, Describe its Merits and Demerits?
Answers
Answered by
1
Answer:
Paper money is the most advanced form of money. It fulfils almost all the qualities of good money, as it is economical, easily recognizable, portable and storable. Paper money can be classified into representative, convertible and fiat money. Now a days almost majority of paper currency is fiat money.
Explanation:
please mark as brainlist and follow me
Similar questions