For class 10 students, Money and Credit is considered as an important chapter in Economics.
This article will highlight the key differences between Paper Notes and Coins to give clarity on this topic.
But, before proceeding further, I would like to make you familiar with the key terms used in this article.
- Paper Notes: A currency made up of the paper which is accepted as the medium of exchange, authorised by the government of the country.
- Coins: A currency made up of the metal which is accepted as the medium of exchange, authorised by the government of the country.
I’ve decided to provide you with the key differences between Paper Notes and Coins and put them all in the tabular format.
Key Differences Between Paper Notes and Coins
|Paper notes are made up of paper.||Coins are made up of metal.|
|Paper notes are not durable like coins.||Coins are durable in nature.|
|Paper notes are portable and light-weighted.||Coins are less portable as compared to paper notes.|
|Paper notes contain the signature of RBI Governor.||Coins do not contain any signature.|
|Paper notes are used for large transactions.||Coins are commonly used for small transactions.|
|Paper notes are easy to count as it has high face values.||Coins are difficult to count as it contains low face values.|
This chapter Money and Credit contains many other important key differences for class 10 board examination like:
- Coins and Paper notes
- Informal sector loans and Formal sector loans
- Formal and Informal sources of credit
- Informal and Formal lenders
So, that’s all.
All the important differences between Coins and Paper notes in Chapter 3 Money and Credit from the NCERT class 10 are listed above in the table format.
If you have any related queries or suggestions, feel free to let me know in the comments right now.