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Answer Posted / 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.
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