Advantages of Paper Money: The printing of paper money is easy to print with low cost and saving the time. The transportation of paper money is easier, safe and cheaper than metallic money e.g. one thousand rupee note can easily be transferred from one place to another place. Paper money saves gold and silver from useless lockup for other purposes.Paper money can be counted more easily than metallic money. The counting of big amount of coins is a tedious. Paper money has elastic supply and it can be printed for any purpose at any time. It also helps to Govt. for emergency uses such as war or depression period. Paper money is easy to recognize nowadays, even a small child can recognize paper money. Disadvantages of Paper Money: The paper money have no stability of value in it, value of each paper money changes with time and with change in monetary conditions of countries. When the Govt. faces financial trouble, then, Govt. print more currency notes. As a result, the prices of the commodities go up and country faces inflation. The gold and silver coins are accepted by every country, so no problem of international payments. In case of paper money for international payment, we have to convert our currency into foreign currency.Due to increase in money supply, the price and profit will increase. The rich people accumulate wealth and become richer. It is easier to print paper money than metallic money. Danger is always there from the hidden enemies of the country to print unreal currency notes. Paper money has no durability because it can easily be destroyed or spoiled easily that it has no value at all. Disadvantages of Paper Money: Further disadvantages can be recorded as paper money has no tracings. Each note has a subscription "Bearer" therefore; it is very difficult to determine the initial receipt as well as spending. Paper money is causing high rates of inflation in many developing countries because many governments are borrowing heavily from their internal banks for government spending. GOLD or WE must back money as it is globally defined $ reserves but many nations having no reserves fill their needs of money by printing additional bank notes. This causes the value reduction in local and current reserves of Gold and US $ or any other valued reserves. The practice has caused high rates of inflation across the globe and there tends to be no end into the practice. If value needs added into the money, then supply of paper currency need to be converted into the Plastic money, such as Debit Cards and then each penny spent will have a history of earnings and expenses. It is assist governments to collect proper taxation from incomes and trace spending. It will reduce corruption because all transactions will be recorded and theft and injustices will also come to an end as paper money disappears from the global economic scene.
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!!
Well the advantages of having money is that you can pay your bills, people will respect you more and can hire business.
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disadvantages you can go prison its bad and you shouldn't do it cheating innocent people out their money if caught u get fined ALOT advantages you get losts of money extra revenue means more profit
There are quite a few advantages and disadvantages of fuel price hikes. One disadvantage is that less fuel is purchased bringing in less money.
Advantages of paper money include being lightweight and easy to carry in large amounts. Disadvantages include being more susceptible to wear and tear compared to coins. Coins are more durable and have intrinsic value due to the metal they are made from.
advantages: Money, Fun Disadvantages: injuries
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Advantages: They can eat what they growed Disadvantages: They had to pay money to the Seigneur
advantages: a lot of money disadvantages:none
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The Advantages to The Habitant Were: They Can Eat What They Growed. Disadvantages To The Habitant Were: They had to pay money to the Seigneur
Advantages: smooth and resistant to inks seeping thoughDisadvantages: can tear
Advantages: You make a lot of money Disadvantages: You could possibly lose a lot of money
you could get your head stapled to the paper and will die....
The advantages are that u can get to places faster. the disadvantages are it pollutes and wastes money on fuel.
the advantage is it has your name on it and the disadvantage is that it is paper.