What is the difference between cash and money?

Answer 1

Wealth is a term used to describe anything which can be a

utility depending upon the need. In terminology of economics

wealth is a pool of tangible or intangible assets such as

goodwill or strong brand image which can be a resource of gain.

While money is the valued entity which can be exchanged for

another utility item. It's different from the wealth which

is a more general word to express pool of utility. Money

can be considered a subset of the set wealth. A demand draft

or credit card can qualify as money.

But cash is specifically used for a means of exchange which

is approved by a regulatory body as currency. So dollars and

euro come under the category of cash, and cash is a subset

of money.

-JP Morgan