Economy, asked by suparna86, 10 months ago

What is Representative Paper Money?



Urgent please help me ​

Answers

Answered by aradhya54
12

Answer:

representative money is an item such as token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value such as gold, silver etc

Answered by mnesa7922
2

Answer:

when paper money represents a certain quantity of metal and is convertible into a metallic coin then it is called representative

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