1. Portability: Paper money is lightweight and easy to carry around compared to coins or other forms of currency.
2. Durability: Paper money can withstand some wear and tear and last for a long time if handled properly.
3. Convenience: Paper money is widely accepted and can be used to make transactions easily.
4. Security: Unlike other forms of currency, paper money is difficult to counterfeit, making it a safe mode of exchange.
5. Affordability: Production costs for paper money are relatively low, making it an affordable option for governments to produce.
6. Standardization: Paper money is typically issued in standardized denominations, making transactions and financial calculations simpler.
7. Record keeping: As paper money is widely accepted and used, it facilitates the recording and tracking of financial transactions.
Language Arts
What is some benefits of paper money?
3 answers
Thanks so much! :)
You're welcome! If you have any other questions, feel free to ask!