Question

what is the difference between modern forms of money and traditional forms of money ?​

Answer 1

Answer:

• Money is anything that widely accepted for the transaction and which has a monetary value. The modern form of money includes paper notes and coins.
• Before the advent of paper notes and coins, people used different types of coins such as gold, silver copper which were issued by the government and will have a seal of the government in it. Before the use of coins, goods such as cattle and grains were used for the transaction purpose by the people.