What Currency and Money actually means?

in #mgsc6 years ago (edited)

Hello friends,
I hope probably you will be thinking currency and money both are same but in reality it's not the same.
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CurrencyMoney
Currency_ Converter.jpgimages.jpeg
Unit of exchangeUnit of exchange
A Unit of accountA Unit of account
PortablePortable
DurableDurable
DivisibleDivisible
FungibleFungible
Value decreases with timeStore a value over a long period of time
Example: All paper NotesReal 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

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great post...
it's very interesting topic..

Good shared

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God is old, it aways give better return

hi @luckys...
let's exchange okay?

It's seems to us gold is giving us good return. But in actual currency is devalued and the purchasing power of currency is decreasing and gold purchasing power increasing... In comparison to currency..