Money and Its Functions Discussion

Question Description

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin  download, and respond to the following components:

  • Define money and describe its functions.
  • Is money a root of all evil? Why or why not?
  • How are paper money (fiat) and commodity money different? How can paper money be validly used as money?
  • Are credit cards money? Why or why not?
  • Are cryptocurrencies such as Bitcoin, Ethereun, Ripple, Litecoin, Monero, money? Why or why not? Discuss thoroughly.

Question Description

I’m working on a economics question and need a sample draft to help me understand better.

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin  download, and respond to the following components:

  • Define money and describe its functions.
  • Is money a root of all evil? Why or why not?
  • How are paper money (fiat) and commodity money different? How can paper money be validly used as money?
  • Are credit cards money? Why or why not?
  • Are cryptocurrencies such as Bitcoin, Ethereun, Ripple, Litecoin, Monero, money? Why or why not? Discuss thoroughly.