Eli5: What is the difference between money and currency?
In: Economics
Money is anything with value that can be easily exchanged for goods and services. This could be a special piece of paper, or a gold coin, bottles of hand sanitizer, or just about anything else that people will accept as payment.
Currency is a specific kind of money. It is standardized and typically managed by a government. Think like US dollars, or Euros, or Bitcoin.
Money is money. Stamped pieces of metal or rectangular printed papers with imaginary value.
Currency is something that is widely accepted by people in trades.
Nowadays we use money as a currency. But we could use coffee beans as currency.
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