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When countries replaced gold and silver coins with paper money exchangeable for certain amounts of precious metals, the monet

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The system of Commodity money was prevalent before the paper notes where people used gold and silver as money. Because they have their intrinsic value, they were used as the medium of exchange. After this commodity backed money came into the existence where people as well as govt. Started using paper notes in the exchange of gold and silver. However paper has no physical value but it could be used as money. That is why this was called representative money.  

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