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Please have textbook knowledge of Economics to answer the below questions in detail. 1. What is your personal definition of money? 2. Please explain how

Please have textbook knowledge of Economics to answer the below questions in detail.

1. What is your personal definition of "money"?

2. Please explain how money is created and what it used for.

3. Do you think that cryptocurrency would be a good replacement for money as we know it today? Please make a case and use references.

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Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

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