Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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 |
Post New Answer View All Answers
What is the instrument that cannot be transferred from one person to another by endorsement.
Name Different Kinds of Debentures According to Conversion?
Why bse has 30 index and NSE has 50 index. Why not BSE has 29 or 31 index and why not NSE has 49 or 51 index. why both has a exact 30 and 50 index.
How can social media be used for marketing?
What is the difference between Bull and Bear market?
Give examples of 'direct tax'?
What is 'zero based budget (zbb)'?
What are adjustment entries? Why are they passed?
What is SARFAESI Act
I have done my Summer internship project on Option greek (delta,gamma ,vega ,theta and rho)by using black schole calculator plus i have done calculation on VIX so what type of question can be asked to me by interviewer plzzzzzzzzzz do answer me i need help.........
What is the shortcut to duplicate a voucher and to add a voucher in Tally ERP 9?
What are the stages of 'money laundering' process?
What is difference between mergers, acquisitions and takeovers?
Differentiate between Funds Flow and Cash Flow statements?
What percent of FDI is allowed in Single Brand Retailing and Multi Brand Retailing?
