What is cash money and credit money

1.	What is cash money and credit money
Answer» ANSWER: Cash Money is any item or verifiable record that is generally ACCEPTED as payment for goods and services and REPAYMENT of debts, such as taxes, in a particular country or socio-economic context. . Credit theories of money, also called debt theories of money, are monetary economic theories concerning the relationship between credit and money. Proponents of these theories, such as Alfred Mitchell-Innes, sometimes emphasize that money and credit/debt are the same thing, SEEN from different POINTS of view.

Answer»

Cash Money is any item or verifiable record that is generally ACCEPTED as payment for goods and services and REPAYMENT of debts, such as taxes, in a particular country or socio-economic context.

Credit theories of money, also called debt theories of money, are monetary economic theories concerning the relationship between credit and money. Proponents of these theories, such as Alfred Mitchell-Innes, sometimes emphasize that money and credit/debt are the same thing, SEEN from different POINTS of view.

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