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Question

Distinguish between Metallic Money and Paper Money.


Solution

Point of difference

Paper Money

Metallic Money

Definition

It refers to that money which is in the form of paper currency notes issued by the government of the country.

It refer to money which is made of metals like gold, silver, copper, etc. 

Cost

Cost of printing notes is less.

They are not economical to produce. 

Suitability

They are suitable for large transactions.

They are suitable for small transactions.

Durability & Portability

Paper money is comparatively more portable but less durable.

Metallic coins are comparatively less portable but more durable.


Economics

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