ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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coins are more durable
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coins are more portable
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coins are more uniform
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coins are more limited in supply
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Detailed explanation-1: -With a large gold bar, you will have to sell all of your bullions at once. Therefore, gold coins offer have lower market risk as you will not sell on one gold price. Gold sovereigns are ideal for this purpose. As the cheaper gold coins available in the market and are relatively easy to sell.
Detailed explanation-2: -Why is using coins as money easier than using gold bars? They are more portable.
Detailed explanation-3: -The most familiar examples of representative money today are credit cards and checks.
Detailed explanation-4: -the difference is fiat money is physical money (paper money and coins) backed up by the government, representatives money is something that represents intent to pay the money such as a check, backed up by many different things, and the commodity money is based on material it was manufactured with such as gold or silver.