<p>By money we mean assets that are used and widely accepted for payments. Although this definition is in some ways a tautology (conversely: payment is the use of money) it states precisely that money can be anything used as such.</p>
<p>The physical form of money can vary, and there have been historically different forms of money. In order to accurately define the concept of money, it is useful to make a clear distinction between monetary assets and non-monetary assets (all other than monetary assets).</p>
<p>Today the definition of what money is in an economy is very specific: Money is the sum of coins, banknotes and deposits. Anything other than these three is not money. The term banknote is synonymous with the term banknote. The set of coins and banknotes is called the set of monetary circulation. But money is not just about money circulation. Deposits are deposits of individuals in commercial banks and deposits of commercial banks in the central bank.</p>
<p>The modern definition of money means, for example, that checks are money (as long as the amount of the check is available in the issuer's deposit account, and the check represents exactly a direct entry in the deposit account without the need to transfer banknotes).</p>
<p>Also money is the charge of credit and debit cards.</p>
<p>But in order for the money to be defined according to him
modern scientific way has crossed a remarkable path, passing through the history of the most important civilizations and playing an important role in their evolution.</p>

CC BY-SA 4.0
2021-08-15T10:06:07.310Z
Hi, welcome to Economics:Stack Exchange. Please consider improving the answer by adding references from reputable and scholarly sources. As many other science stacks do, we require formal proofs, statistical evidence or links to external sources for answers making claims which are not common knowledge. Unsourced material can be edited or deleted. For more details see our [help center](https://economics.stackexchange.com/help/how-to-answer) and [FAQ on community standards for answers](https://economics.meta.stackexchange.com/questions/2113/faq-on-community-standard-for-answers)
1muflon1
CC BY-SA 4.0
2021-08-15T10:20:47.333Z
@1muflon1 can you please provide a answer to this question?
Ravi Kd
CC BY-SA 4.0
2021-08-15T10:24:41.760Z
@RaviKd I think, the other answer already provided decent answer and I would be just repeating what the answer said. In economics **by definition** money is:  (i) medium of transaction, (ii) a store of value, and (iii) a unit of account. Currency by definition is notes or coins. In international econ currency is also label used for different units of account eg pounds or US are currencies in international econ, but that is very niche definition in most econ currency is just notes and coins, and money **must** satisfy i, ii and iii satisfying them separately is **not** enough all 3 must hold
1muflon1
CC BY-SA 4.0
2021-08-15T09:49:04.600Z
2021-08-15T09:49:04.600Z
Pegasus
<p>Is money an intangible concept and currency a way to make it physically present?</p>
<p>If not, then what is the difference??</p>
<p>Please dont duplicate it as i have read other answers and then asking.</p>

CC BY-SA 4.0
2021-08-15T10:27:39.797Z
by the way, if one of the answers answered your question please do not forget to accept it
1muflon1
<currency><money>
What is the difference between money and currency?
Ravi Kd
# What is the difference between money and currency?

(Asked by: username_0 on 2021-08-15)

Is money an intangible concept and currency a way to make it physically present?

If not, then what is the difference??

Please dont duplicate it as i have read other answers and then asking.

**Tags:** currency, money

> **Comments:**
> **username_1**: by the way, if one of the answers answered your question please do not forget to accept it  

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## 1 answers

### Answer by username_2 on 2021-08-15. Score: -1

By money we mean assets that are used and widely accepted for payments. Although this definition is in some ways a tautology (conversely: payment is the use of money) it states precisely that money can be anything used as such.

The physical form of money can vary, and there have been historically different forms of money. In order to accurately define the concept of money, it is useful to make a clear distinction between monetary assets and non-monetary assets (all other than monetary assets).

Today the definition of what money is in an economy is very specific: Money is the sum of coins, banknotes and deposits. Anything other than these three is not money. The term banknote is synonymous with the term banknote. The set of coins and banknotes is called the set of monetary circulation. But money is not just about money circulation. Deposits are deposits of individuals in commercial banks and deposits of commercial banks in the central bank.

The modern definition of money means, for example, that checks are money (as long as the amount of the check is available in the issuer's deposit account, and the check represents exactly a direct entry in the deposit account without the need to transfer banknotes).

Also money is the charge of credit and debit cards.

But in order for the money to be defined according to him
modern scientific way has crossed a remarkable path, passing through the history of the most important civilizations and playing an important role in their evolution.

> **Comments:**
> **username_1**: Hi, welcome to Economics:Stack Exchange. Please consider improving the answer by adding references from reputable and scholarly sources. As many other science stacks do, we require formal proofs, statistical evidence or links to external sources for answers making claims which are not common knowledge. Unsourced material can be edited or deleted. For more details see our [help center](https://economics.stackexchange.com/help/how-to-answer) and [FAQ on community standards for answers](https://economics.meta.stackexchange.com/questions/2113/faq-on-community-standard-for-answers)  
> **username_0**: @username_1 can you please provide a answer to this question?  
> **username_1**: @RaviKd I think, the other answer already provided decent answer and I would be just repeating what the answer said. In economics **by definition** money is:  (i) medium of transaction, (ii) a store of value, and (iii) a unit of account. Currency by definition is notes or coins. In international econ currency is also label used for different units of account eg pounds or US are currencies in international econ, but that is very niche definition in most econ currency is just notes and coins, and money **must** satisfy i, ii and iii satisfying them separately is **not** enough all 3 must hold  

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