Hello friends,
I hope probably you will be thinking currency and money both are same but in reality it's not the same.
| Currency | Money |
|---|---|
| Unit of exchange | Unit of exchange |
| A Unit of account | A Unit of account |
| Portable | Portable |
| Durable | Durable |
| Divisible | Divisible |
| Fungible | Fungible |
| Value decreases with time | Store a value over a long period of time |
| Example: All paper Notes | Real Gold and Silver |
Bankers, financial planners they also don't understand the difference between the money and currency
Currency is only the medium of exchange. It is unit of account because it has number printed on it. It is portable, durable, divisible(as you can make it's change), fungible (as dollar in my pocket can buy the same amount of goods as the dollar in other pocket)
Gold and Silver has been used as money for last 5000 years. It was accepted all across the world for purchasing and trading and had same value every where in the world.
We have been fouled by the federal government by taking all the real money (gold) and given us just a piece of paper. Whose value is decreasing day by day.
Thank you