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    The Head To Head Difference Between Money Vs Currency

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    Jewelyn Ciocon
    Money is an intangible concept that exists as numbers and can be transferred online, while currency is the tangible promissory notes and coins that represent money and must be physically handed from one person to another. Currency takes the form of coins, hard plastic notes or paper bills backed by the government, whereas money can take many forms like bank accounts, checks or online modes and is backed by various assets. The key difference is that money is an abstract concept while currency is the physical representation of money.

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    The Head To Head Difference Between Money Vs Currency

    Uploaded by

    Jewelyn Ciocon
    26 views2 pages
    Money is an intangible concept that exists as numbers and can be transferred online, while currency is the tangible promissory notes and coins that represent money and must be physically handed from one person to another. Currency takes the form of coins, hard plastic notes or paper bills backed by the government, whereas money can take many forms like bank accounts, checks or online modes and is backed by various assets. The key difference is that money is an abstract concept while currency is the physical representation of money.

    Original Title

    MONEY VS CURRENCY

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    Money is an intangible concept that exists as numbers and can be transferred online, while currency is the tangible promissory notes and coins that represent money and must be physically handed from one person to another. Currency takes the form of coins, hard plastic notes or paper bills backed by the government, whereas money can take many forms like bank accounts, checks or online modes and is backed by various assets. The key difference is that money is an abstract concept while currency is the physical representation of money.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    26 views2 pages

    The Head To Head Difference Between Money Vs Currency

    Uploaded by

    Jewelyn Ciocon
    Money is an intangible concept that exists as numbers and can be transferred online, while currency is the tangible promissory notes and coins that represent money and must be physically handed from one person to another. Currency takes the form of coins, hard plastic notes or paper bills backed by the government, whereas money can take many forms like bank accounts, checks or online modes and is backed by various assets. The key difference is that money is an abstract concept while currency is the physical representation of money.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    MONEY VS.

    CURRENCY

    The head to head difference between Money vs Currency


    Basis – Money vs
    Money Currency
    Currency

    Money which cannot be


    Currency is the promissory
    touched, neither it can be
    note or coin which is
    Basic Definition smelled; however, money
    presented in the form of
    can be seen in terms of the
    money
    numbers.

    Money is an intangible Currency is a tangible


    Concept Type
    concept concept

    Currency takes the form of


    Money takes forms of
    Basis Form hard plastic or coins or says
    numbers
    the currency notes.
    Basis – Money vs
    Money Currency
    Currency

    Money is backed by many Whereas Fiat money ( is a


    different things for example government-issued currency that isn't
    if one possesses money in a backed by a commodity such as gold)
    Support  which is currency will be
    bank account then check
    (kind of money) would be backed by the government of
    backed by the same. that country.

    Online mode, check savings Coins, Hard currency notes,


    Examples
    bank account, etc. etc.

    Currency must be transferred


    Money can be transferred
    Transfer Mode  via physical i.e. hand to hand
    through online mode
    transfer.

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