Which of the following statements correctly explains the decline of metallic coins in the post-Gupta period?
It resulted from reduced trade and rising land grants replacing cash payments.
In the post-Gupta period, long-distance and urban trade declined significantly, reducing the economic demand for a widely circulating metallic currency.
Simultaneously, the practice of granting land, known as land grants, to officials, priests, and religious institutions increased, with land and its produce replacing cash as the primary mode of payment and remuneration.
This shift towards a land-based economy over a monetised one is a key feature historians associate with the period, sometimes described as a phase of urban decline.
Hence, the decline of metallic coins in the post-Gupta period resulted from reduced trade and rising land grants replacing cash payments.
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