Ashford ECO 203 Week 4 Discussions

ECO 203 Week 4 Discussion 1

WEEK 4 D1Q:

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, or Monero, money? Why or why not? Discuss thoroughly.

Your initial post should be a minimum of 300 words.

Note: This entire class includes online quizzes, discussions, assignments, course projects, and online exams.


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