Hence within limits the issue of paper money comes very handy to the government at the time of dire need. Metal coins can weigh heavy, and are not easy to carry many. Metallic buildings are popularly known to be difficult to seal off completely from being penetrated with water. Can you explain the concept of metallic money, standard money and token money. The advantage is having the savings in money to support any payment transaction. Assuming were not talking about gold and silver coins which no longer circulate. What are the advantages and disadvantages of metallic money. Hanson has defined the paper money in the following words, paper money means the paper instruments such as bank notes, cheques, bill and other forms which take the place of money and circulate as a medium of exchange. Its difficult to make them distinctive enough to have a. But metallic money takes long period of time for mining, refining and minting the metals.
Disadvantages of metallic money 1 necessary to carry in bulk in case of large transactions. Advantages and disadvantages of pocket money given to students by parents. The advantages of the issue of government paper money are. Other disadvantages of the use of metal structures includes the difficulties in being able to attach different shelves and hooks to metal which will often require professional tools. What are the advantages and disadvantages of money. The advantages and disadvantages of investing in the stock. Here are some related questions which you might be interested in reading. Assuming were not talking about gold and silver coins which no longer circulate in any modern country, the disadvantages of coins are, among others. One of disadvantages are the gross system been at risk of gridlock from not having enough money. What are the advantages and disadvantages of using metals. There are a few advantages and disadvantages of the rtgs system.