Question

Distinguish between -

Commodity money and metallic money

Answer 1

Basis of difference	Commodity money	Metallic money
1. Definition	Any commodity chosen to serve as money is called commodity money.	Precious metals or any other metal having high intrinsic value used as money are called metallic money.
2. Stage of development	It was developed in the initial stages of evolution of money.	It was developed after the development of commodity money.
3. Durability	Commodity money is less durable.	Metallic money is highly durable.
4. Portable	Possess lower degree of portability.	Possess higher degree of portability.
5. Examples	Sea-shells, slat, cattle, etc.	Gold coins, silver coins, etc.