1. Currency is a tangible concept that is based on the intangible money. Currency is the promissory note or coin that is presented in form of money.
2. Money is a store of value and maintains its purchasing power over a long period of time. Silver and gold is the optimum form of money because of its properties.
3. Money has to be a medium of exchange, a unit of account, a store of value, and a standard of payment.
4. One of the biggest problems with currency is that the governments can print more and more of it whenever they want or need to.
5. Currency is simply paper. This paper money is a tool for trading your time.
6. Currency does not have consistent value.
7. Currency:
It is portable.
It is durable.
It is divisible. (you can make change from it).
8. Money:
It is a medium of exchange.
A unit of account.
It is portable.
It is durable. (it never changes from one century to the next).
It is divisible. (you can make change from it).
It is fungible (interchangeable). It is the same wherever it is on earth.
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