Are Money And Currency The Same Thing? The major difference between Money vs Currency is that money is entirely numerical i.e. it’s only intangible which one cannot touch or smell whereas currency can be touch and smell and its tangible. What is the relationship between money and currency? Currency refers to a promissory note or
What Is Money How Can Money Be Classified? Some of the major leads under which money has been classified are as follows: (i) Full bodied Money (ii) Representative Full-bodied Money and (iii) Credit Money What is money and its types? There are 5 different types of money: Fiat, commodity, representative, fiduciary, and commercial bank money.
What Is The Importance Of Money Class 10? Money serves as a common measure of value in terms of which the value of all goods and services is measured and expressed. Standard of Deferred Payments: Money not only helps current transactions but also facilitates credit transaction through its function as a standard of deferred payments.