Question:

Money ~ Currency?

by  |  earlier

0 LIKES UnLike

"Money and Currency are very strange things.

They keep on going up and down and no one knows why;

If you want to win, you lose, however hard you try.

---Gilles li Muisis"

----------------------------------------...

Q: Differentiate MONEY from CURRENCY and there

appropriate usage respectively.

 Tags:

   Report

2 ANSWERS


  1. Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main uses of money are as a medium of exchange, a unit of account, and a store of value.

    A currency is a unit of exchange, facilitating the transfer of goods and/or services. It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value. A currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates, which are the prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in coins and currency, but this is misleading. Coins and paper money are both forms of currency.


  2. Money is the net worth ( value of all assets of any form including currency )

    Curreny is the liquid money if the form of notes and coins which can readily be exchanged

    only after inventing currency the greediness cultivated more in human minds
You're reading: Money ~ Currency?

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions