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.