New answers tagged terminology
0
Yes. Currency is the bill or coin issued by the government to symbolize the money.
However, "money" can be a huge variety of concepts.
Say every week, Karen the lawyer stops by the halfway house and gives Thomas two crisp $100 bills. Thomas doesn't have the capacity to know this, but Karen manages on Jim's behalf. This has $1 million of capital, and ...
answered Nov 1 at 17:29
Harper - Reinstate Monica
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6
People seem to be a bit over-prescriptive here about the definitions and uses of money vs currency. They are partial synonyms and at some points one may be able to draw a distinction - othertimes not. Currency also has some wider/alternative definitions as well.
IN ECONOMICS
Conceptually, from an economics perspective, there are three key properties of ...
-3
I'll explain properly since everything on here is confused :)
Currency is a descriptive, not definitive, term.
It simply means
"anything that is, at present, popularly used as payment and will be widely and generally taken as payment"
That's all it means.
So for example, within Disneyland, those DisneyBucks pieces of paper, you could indeed describe ...
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Currency vs Money are the two words that are used in our everyday life and are often confused as being the similar thing. The terms Money and Currency at glance would appear to be synonyms but they are not, Money is for payment :) currency is worldwide known
-5
Currency is anything people use to exchange for goods and services. Money is currency that keeps it's value over a long period of time. Dollars, Yen, Euros are all examples of currencies, but they are not money. Only Gold and Silver is money.
"Gold is money, everything else is credit" - JP Morgan
11
Really simple answer: What's in your bank account is money. Those nicely-engraved pieces of paper in your wallet are currency (and also money).
In other words, the money in your account has no actual physical existence, it's just accounting. The bank has some currency, of course, and will give it to you if you have money in your account, or will take ...
24
Money in that context has two kinds of common usage:
money noun
1 A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
‘I counted the money before putting it in my wallet’
1.2 The assets, property, and resources owned by someone or something; wealth.
‘the college is very short of money’
- lexico
...
1
I think the example is incorrect. Good catch.
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