What is the difference between money and financial asset?

Question

Social Studies

Daniella Ward

4 September, 01:43

What is the difference between money and financial asset?

+4

Answers (2)

Know the Answer?

Harrison Gallegos · Answer 1

Answer:The main difference between the two is that physical assets are tangible and financial assets are not. Physical assets usually depreciate or lose value due to wear and tear, whereas financial assets do not experience such reduction in value due to depreciation.

Valentino Gamble · Answer 2

Money is the cash you have on hand and accessible to you. Financial assets are things you own that you can liquidate or sell to earn money.