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Money and Its Functions [WLO: 1] [CLOs: 2, 4] Prior to beginning work on this discussion, read chapter 11 in the course text and Alejandro
Money and Its Functions [WLO: 1] [CLOs: 2, 4] |
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
- 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.
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