What term describes money in the form of coins or notes?

The term that describes money in the form of coins or notes is "cash." Cash refers to physical currency that can be used for transactions, such as purchasing goods and services. It represents liquid assets that are readily available for immediate use.

In contrast, credit refers to borrowed funds that a person can spend or utilize, representing a promise to pay back a loan in the future. Equity, on the other hand, pertains to ownership in an asset, particularly in terms of investments like stocks or real estate. Lastly, assets cover a broad range of items of value owned by an individual or business, which can include cash, but also other forms of property or investments. Therefore, cash accurately identifies the specific form of money represented by coins and notes.