What is the difference between money and financial asset?

Question

Cesar Hicks

Social Studies

22 March, 17:04

What is the difference between money and financial asset?

+4

Answers (2)

Know the Answer?

Gaven Deleon · 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.

Ismael Kerr · 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.