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Coins can be cumbersome to carry in large quantities, leading to inconvenience when making purchases. They can also be easily lost or damaged, reducing their value as currency. Additionally, coins may require more effort to count and sort compared to paper money or digital transactions. Lastly, the production and handling of coins can incur higher costs for governments and businesses.

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2w ago

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What is the advantage and disadvantages of coins?

well, i dont know really


What are disadvantages of metal coins?

Some disadvantages of metal coins include their weight and bulkiness, making them less convenient to carry in large quantities. They can also be easily lost or misplaced compared to digital forms of currency. Metal coins are also susceptible to wear and tear over time, which can affect their durability and usability.


What are some of the advantages and disadvantages of paper money when compared to coins?

There are a few advantages and disadvantages of paper money in comparison to coins. Some advantages of paper money is that it is lighter to carry and cheaper to produce. The disadvantage would be that the paper money does not last as long as coins do because the bills can wear out and rip.


What are disadvantages of metallic money?

Some disadvantages of metallic money include the risk of theft due to its intrinsic value, the cost and inconvenience of carrying heavy coins, and the need for secure storage facilities to prevent loss. Additionally, metallic money can be subject to wear and tear, leading to deterioration of its value over time.


What are the disadvantages of metal money?

It stays around for so long it increases in valueMoreIncreasing in value is hardly a disadvantage. Coins and paper money both have advantages and disadvantages. Assuming we're not talking about gold and silver coins which no longer circulate in any modern country, the disadvantages of coins are, among others:They're heavy so it's harder to carry a lot of them.They're bulkier than paper money.It's difficult to make them distinctive enough to have a large number of denominations. Most countries have at most 5 or six denominations of coins, although the EU uses 8. Because bills are larger, paper money can be distinguished more easily by size, color, and design.On the other hand, coins last a lot longer than bills which is why most countries use them for their smaller denominations that get a lot of use, because metal is far more resistant to wear than paper. Over time coins cost less to produce than paper money and are much less expensive to count and process. That's why nearly every major country except the US has replaced its lower-denomination bills with coins over the last 15 or 20 years.


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