Money and its Functions.

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.

Your initial post should be a minimum of 300 words.