203
Question
What is Metallic Money?
What is Metallic Money?
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Solution
Metallic money refers to coins made of various metals such as gold, silver, bronze, nickel, and so on. Its worth is guaranteed by the state’s exclusive monopoly. The state owns the mining rights to the coins.
Metallic money refers to coins made of various metals such as gold, silver, bronze, nickel, and so on. Its worth is guaranteed by the state’s exclusive monopoly. The state owns the mining rights to the coins.
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