Question

What is the difference between money and financial asset?

Answer 1

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.

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.

Step-by-step explanation: