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What are the advantages of paper money?
Some of the advantages of paper money include: 1. paper money is less expensive to produce than coin money 2. paper money is not as heavy as coins, thus it is easier to transport or work with. Good luck with your homework kid!!
What are some advantages of using paper bags?
it is paper bags rip really easy
What are the advantages of coins?
They last longer than paper money so in the long term they are cheaper to make because they don't have to be replaced as often.
Is money made out of paper?
Yes money is made from paper. But not the paper that they use for fake money. And coins are made from metal or copper....or even bronze. Money is made from paper.
What are the advantages and disadvantages of paper money?
Advantages of Paper Money: The printing of paper money is easy to print with low cost and saving the time. The transportation of paper money is easier, safe and cheaper than metallic money e.g. one thousand rupee note can easily be transferred from one place to another place. Paper money saves gold and silver from useless lockup for other purposes.Paper money can be counted more easily than metallic money. The counting of big amount of coins is a tedious. Paper money has elastic supply and it can be printed for any purpose at any time. It also helps to Govt. for emergency uses such as war or depression period. Paper money is easy to recognize nowadays, even a small child can recognize paper money. Disadvantages of Paper Money: The paper money have no stability of value in it, value of each paper money changes with time and with change in monetary conditions of countries. When the Govt. faces financial trouble, then, Govt. print more currency notes. As a result, the prices of the commodities go up and country faces inflation. The gold and silver coins are accepted by every country, so no problem of international payments. In case of paper money for international payment, we have to convert our currency into foreign currency.Due to increase in money supply, the price and profit will increase. The rich people accumulate wealth and become richer. It is easier to print paper money than metallic money. Danger is always there from the hidden enemies of the country to print unreal currency notes. Paper money has no durability because it can easily be destroyed or spoiled easily that it has no value at all. Disadvantages of Paper Money: Further disadvantages can be recorded as paper money has no tracings. Each note has a subscription "Bearer" therefore; it is very difficult to determine the initial receipt as well as spending. Paper money is causing high rates of inflation in many developing countries because many governments are borrowing heavily from their internal banks for government spending. GOLD or WE must back money as it is globally defined $ reserves but many nations having no reserves fill their needs of money by printing additional bank notes. This causes the value reduction in local and current reserves of Gold and US $ or any other valued reserves. The practice has caused high rates of inflation across the globe and there tends to be no end into the practice. If value needs added into the money, then supply of paper currency need to be converted into the Plastic money, such as Debit Cards and then each penny spent will have a history of earnings and expenses. It is assist governments to collect proper taxation from incomes and trace spending. It will reduce corruption because all transactions will be recorded and theft and injustices will also come to an end as paper money disappears from the global economic scene.
What are the advantages of paper money?
Some of the advantages of paper money include: 1. paper money is less expensive to produce than coin money 2. paper money is not as heavy as coins, thus it is easier to transport or work with. Good luck with your homework kid!!
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 the advantages of using computers rather than relying on paper?
computers are better bescause u are saving money on paper
What are some advantages of using paper bags?
it is paper bags rip really easy
What are some advantages using paper bags?
it is paper bags rip really easy
What are some advantages of using a paper shredder?
There are lots of advantages by using a paper shredder. The most important is that one can destroy pieces of paper so that it is nearly impossible to recompose them again.
What are some advantages of opening a hotel?
get more money,
Advantages for being a doctor?
There are endless advantages of being a doctor. Some of the top advantages would be the money and the satisfaction of helping others.
What are the parts of paper money?
All example of paper money have a front and back. Some notes, albeit rare, have no printing on the back.
What is some slang definitions for money?
Some slang defanitions for money are,cash,dough,g's,paper.
Is paper money made out of trees?
paper money is made out of 25% linen and 75% cotton
Is paper money magnetic?
No, paper money is not magnetic. Most currencies are made of a cotton or linen blend, making them non-magnetic. Magnetic security features may be embedded in some bills to prevent counterfeiting, but the paper itself is not magnetic.
