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