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Define money and describe its functions

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Reference no: EM133522553

Questions: Prior to beginning work on this discussion, read chapter 11 in the course text and Alejandro Chafuen's article, Moralists and Money: From Gold to BitcoinLinks to an external site., 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.

 

Reference no: EM133522553

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