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What are the limi
In this system, metals such as copper, bronze, gold, and others were considered money. It offered the users a lot of advantages in terms of ease of handling and certainty in the amount of transaction. It provided a standard unit of measuring value. With the passage of time, precious metals like gold, silver, and others began to be considered as money. Many kings started minting coins in their names that were circulated among the public to be used as money.
• Necessary to carry in bulk in case of large transactions
Whenever there is a large number of transactions, there is a need for carrying more amount of metallic currency. Therefore it will be heavier to carry.
• Difficult to access the value of metallic money
When the metallic currency is of the same weight, it will be difficult to assess the value of the currency.
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