Distinguish between -
Paper money and metallic coins
Basis of difference
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Paper money
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Metallic money
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1. Definition
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Paper money is the money that consists of currency notes issued by the government or the central bank of that country.
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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. Developed
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It was developed as a substitute of metallic currency.
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It was developed before the development of paper money.
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3. Durability
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Paper money is less durable.
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Metallic money is highly durable.
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4. Portability
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It possesses a higher degree of portability.
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It possesses a lower degree of portability.
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5. Examples
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Paper notes of Rs. 5, Rs. 10 etc.
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Gold coins, silver coins etc.
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