whts d difference between wealth, cash n money?
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cash is the amount which is on our hand and can be used,
Money is the amount which we hold and it include cas and
saving or raise by any other instrument,
wealth is incoming of assest and amount by various sourses
Is This Answer Correct ? | 23 Yes | 5 No |
Answer / maan singh verma
hai
1. cash in the part of money which we have in hand and can
be used any time.
2.Money also included that part of amount that we can
arrange in short period from different whether in cash or
in part of cheque.
3. Wealth is the market value of our assets that all we
have it also included the part of godwill
Is This Answer Correct ? | 11 Yes | 3 No |
Answer / jp morgan
Wealth is a term used to describe anything which can be a
utility depending upon the need. In terminology of economics
wealth is a pool of tangible or intangible assets such as
goodwill or strong brand image which can be a resource of gain.
While money is the valued entity which can be exchanged for
another utility item. It’s different from the wealth which
is a more general word to express pool of utility. Money
can be considered a subset of the set wealth. A demand draft
or credit card can qualify as money.
But cash is specifically used for a means of exchange which
is approved by a regulatory body as currency. So dollars and
euro come under the category of cash, and cash is a subset
of money.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / rana
Wealth refers to any sources that provides future
benefit,it might be tangible or intangible,Suppose any
security.We feel secure for it.In that sense u can assume
child as wealth if u consider him/her as future income
provider.
Money is medium of exchange between two knowledgeable
person.Suppose u offer a book for a Pen,here Book is money.
Cash is money when goverment recognized as a medium of
exchange.it someties refers to paper money.yes it is most
liquid.Cause u dont have to convert it into any other
medium of exchange.Everyone recognise it as medium of
exchange.Book has to convert into other objects if u wish
to use it.thats whay that is not liqued.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rony
Wealth is combination of liquid asset+fixes asset and Cash
is liquid and convertable asset and money is the durt of
your hand if it is in your pocket it must be convertable
into different way.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / vikas kumar mishra
cash is a part of money which is in termes of coin & note .
but money is medium of exchange of cash.
Is This Answer Correct ? | 2 Yes | 1 No |
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