METALLIC MONEY PAPER MONEY

44.  METALLIC MONEY

PAPER MONEY

1.      Meaning It refers to the money which is made of metals like gold, silver, etc. 2.      Life They are more durable and as such have a long life 3.      Convenience Metallic coins are not very convenient as they are heavy and there is difficulty in counting. 4.      Suitability They are more suitable for small transactions. 5.      Transferability These are difficult to transfer from one place to another.

It refers to that money which is in form of paper currency notes issued by Government. They are less durable and as such they have a short life Paper money is more convenient as they are light and easy to count. They are suitable for larger transactions. These are easy to transfer from one place to another.