The difference between cash assets and currencies
December 12, 2019. Stefan Willebrand.
Cash is an asset class just like stocks, bonds etc. while currencies are the object that describes which type the cash is. Just like a stock can be a common stock or preference share.
An account can keep assets like stocks, bonds or cash but it cannot keep a currency. A currency is something that relates to a cash asset.
Another concept that is good to grasp is how an asset can be valued. Typically we value an asset in relation to a currency but we could just as easily value an asset like a stock relative to another asset like gold.
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