Imagine you're at the store, and you need to pay for your candy. If you have a paper bill, it's easy, just hand it over. Coins are small and can be hard to count when there are lots of them. In some countries, like Japan, coins are very common, but in others, like Brazil, people use more paper money because it's easier to carry around. Paper is also lighter than coins, so you don’t have to carry a big bag full of change.
Examples
- A child uses a $10 bill to buy a toy instead of counting out ten one-dollar coins.
- At the market, a farmer prefers using a $50 note to pay for his goods because it's faster.
- Your friend carries only paper money in her bag and leaves coins at home.
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See also
- Why Do We Have Different Kinds of Taxes?
- Why Do Prices Change So Much?
- Why Do We Use Money Instead of Bartering?
- Why Do Prices Go Up So Much When There's a Shortage?
- Why Do We Have Different Kinds of Coins?
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Categories: Economics · money,economics,currency