Question

question 1 of 11
what is the main difference between money and currency?
select an answer from the options below
a currency is a broader concept that includes all forms of money
b money is physical while currency is digital
c currency is the official form of money in active circulation within a
d money is issued by the government while currency is not

Explanation:

Money is a broad concept that includes all mediums of exchange, while currency specifically refers to the official, physical (or digital authorized) form of money that is actively in circulation as a legal tender issued by a governing authority. Option A is incorrect because money is broader. Option B is wrong as currency can be physical (notes/coins) or digital official tender, and money includes non-physical forms like checks. Option D is incorrect because currency is government-issued, while money can include non-government authorized forms in some contexts.

Answer:

C. Currency is the official form of money in active circulation