Timeline for What is the difference between money and currency?
Current License: CC BY-SA 4.0
14 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 16, 2020 at 10:49 | history | edited | CommunityBot |
Commonmark migration
|
|
| Nov 4, 2019 at 1:49 | vote | accept | Jossie Calderon | ||
| Nov 3, 2019 at 15:03 | comment | added | Lawrence | @DoctorDestructo No, currency doesn't need to be expressed physically, so long as it is the unit of exchange that is considered. By way of analogy, consider how you talk about how good you are at something: you can be proficient (cf 'money') or you can have good grades (cf 'currency'). One focuses on the concept while the other focuses on the units of measurement. | |
| Nov 1, 2019 at 18:10 | comment | added | DoctorDestructo | @Lawrence So, do you think that currency needs to be expressed physically? Your answer seems to imply that it does, but I wasn't sure that was your intent. I do like the dictionary definitions. | |
| Nov 1, 2019 at 17:57 | comment | added | Lawrence | @DoctorDestructo Yes, even seashells (or rum, in part of Australia's convict settlement history) qualify as currency if they are accepted as a medium of exchange. The thing that makes something 'currency' is that it is the token by which financial value is conveyed from one party to another. | |
| Nov 1, 2019 at 17:55 | comment | added | Lawrence | @Fattie They demonstrate the ways in which the words are used - see especially the two Lexico definitions for money. | |
| Nov 1, 2019 at 17:52 | comment | added | Upper_Case | @DoctorDestructo There's a decent argument that cryptocurrencies operate as commodities more than currencies, but that argument seems to me to be (increasingly) specific to particular cryptocurrencies, regions, and categories of economic activity. They have many currency-like features, either way, but it's an issue for a separate question rather than comments, I think. | |
| Nov 1, 2019 at 17:21 | comment | added | Barmar | @DoctorDestructo I like the answer's distinction that "money" is more abstract. Currency is a specific type of money, such as dollars, pesos, bitcoins. | |
| Nov 1, 2019 at 16:48 | comment | added | DoctorDestructo | @Barmar so it sounds like that's a "yes". Which seems right to me. I've always understood the word "currency" to be more about who defines and vouches for the system than what physical form it takes, but I could be mistaken. | |
| Nov 1, 2019 at 16:17 | comment | added | Barmar | @DoctorDestructo It's virtual currency. | |
| Nov 1, 2019 at 15:05 | comment | added | DoctorDestructo | Do bitcoins qualify as currency? They are referred to as "cryptocurrency", but they have no physical representation. | |
| Nov 1, 2019 at 13:19 | comment | added | Fattie | These dictionary entries are utterly useless in this case. | |
| Oct 31, 2019 at 18:47 | vote | accept | Jossie Calderon | ||
| Oct 31, 2019 at 18:48 | |||||
| Oct 31, 2019 at 15:08 | history | answered | Lawrence | CC BY-SA 4.0 |