Download New Ashford ECO 203 Week 4 Discussion 1

Download New Ashford ECO 203 Week 4 Discussion

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin (Links to an external site.), and respond to the following components:

• Define money and describe its functions.
• Is money the 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, Ethereum, Ripple, Litecoin, and Monero, money? Why or why not? Discuss thoroughly.

Your initial post should be a minimum of 300 words.

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