Someone said that money is not paper but the value that one has.

[Fidelia]

Someone said to me today that money is not the physical cash that is held. That money is nothing but the value that a thing or entity has. How does this make sense? Can someone explain this concept to me?

 

[magnus2022]

Someone said to me today that money is not the physical cash that is held. That money is nothing but the value that a thing or entity has. How does this make sense? Can someone explain this concept to me?

I He said the truth. Money is ordinary paper which hold no intrinsic value on itself. Money is just expression of the value of a thing.

 

[Augusta]

Money serves as a standardized and socially accepted store and unit of value, allowing people to represent and exchange the value of goods and services

 

[King Belieal]

There are some people that might not have the physical paper currency at a time but they are worth so much money. Currency is not value.

 

[Kross]

The billionaires that I know don't have billions stashed in the their accounts. They only have assets.

 

[Min George]

Paper just represents the value a person has. Without the value, paper won't have any power in transactions.

 

[eLdavis]

I think what the person was trying to explain is that having money is not just about the amount you have in hand but it is more about your total worth or value.