Question

What is traditional form of money

Answer 1

Traditional form of money consists of gold,copper coins and grains etc that were not authorised by any external and universal uses.

Answer 2

Traditional form of money consist of gold and copper coins, grains, etc that were not authorized by any external and universal authority. Whereas, modern money are in the form of currency (notes and coins) which are authorized by an external authority (RBI) and nobody can refuse this money in a country.

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