The first paper money was made in China. It could be burned at funerals and other important times to send wealth to one's ancestors.
It is now made as it is less expensive to produce at the mint and more portable for the user than coinage would be.
People preferred coins to paper money primarily due to their intrinsic value, as coins are made from precious metals like gold and silver, which were universally recognized and trusted. Coins also offered durability and resistance to wear, making them a more reliable medium of exchange. In contrast, paper money could be easily damaged, counterfeited, or deemed worthless if not backed by a stable government or commodity. Additionally, coins often had a tangible feel, contributing to a sense of security in transactions.
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.
I would say yes. When has paper money ever held it's value?
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!!
money in the form of coins are money which have a less value like a dollar or a 50 pence as making notes for such a less value would be wasting allot of paper and coins can be updated more easily. coins can also be carried easily.
Metal objects have been used as money dating back as far as 5,000 BC. The Lydians were the first people in the western world to use coins from about 700 BC. The Chinese are known to have used paper money from about 960 AD.
They didn't have any bills - paper money - so it was coins people traded with.
well first the chinese said WE LOVE PAPER AND MONEY SO LETS MAKE SOME PAPER MONEY THEN EVERYONE SAID HE WAS CRAZY BUT THEN AFTER HE MADE paper money and everyone thought tit was a a great idea *WRONG* The Chinese government thought that large amount of coins are difficult to carry. So they invented paper money in order to solve the problem. ~Improved by Pinksakuraeya
Egypt uses both paper currency as well as metal coins as money.
coins
coins used to be a form of trade. silver coins had higher denomination than larger copper coins. Paper was worth next to nothing. The paper money money was not popular because the paper money just meant that you can redeem this paper for silver. So at that time there was no point to the paper money
The money in Haiti are called Gourdes. They have paper money as well as coins, but they are called gourdes.
Russia uses both paper and coins.
The word for currency that encompasses both coins and paper money is "cash."
The first coins were stamped around 650 - 600 BD by the Lydians. Some believe that the Ancient Egyptians were the first to invent and use coin money. The first paper money is believed invented by the Romans around 100 AD.
Coins and paper bills used as money are called currency.
They used coins and paper money.