Fiat money is alternatively called as Paper money that has higher durability than that of commodity money.
Divisibility of Fiat money also is the crucial feature to score above commodity money.
Value of the money is the function of quality of the monetary form at given point of time. In the case of commodity money quality of commodity degrades faster as time progresses hence chances of loosing the value it bears are high whereas for Fiat money change in value of this form of money with respect to time is close to zero.
These are 3 most important differences between Fiat and commodity money
(Transaction and storage cost is higher in case of commodity money than that of fiat money)
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