Task: You will submit a paper evaluating four forms of money. You will then apply the concept of money to so-called "cryptocurrency," such as bitcoin. Complete the paper in the following steps: 1. Define money. Describe the three functions that money performs. (one paragraph) 2. Read the articles, "Mackerel Economics in Prison Lead to Appreciation for Oily Filets" and "Ramen Noodles Are Now the Prison Currency of Choice." (These articles are posted separately in the LMS.) Based on these articles, it appears that, in federal prisons, money has evolved from cigarettes to mackerel to ramen noodles. 3. Explain why prison inmates don't simply use barter rather than picking some commodity to use as money. For purposes of this question, ignore the fact that barter is itiegai in prisons. if inmates obeyed the laws of society, they wouldn't be in prison to begin with. (one paragraph) 4. Evaluate cigarettes as a form of money in prisons. Your evaluation should be in terms of how well cigarettes perform each of the three functions of money. ('I 00 words) 5. Evaluate mackerel (in cans or pouches) as a form of money in prisons. Your evaluation should be in terms of how well mackerel performs each of the three functions of money. (100 words) 6. Evaluate ramen noodles as a form of money in prisons. Your evaluation should be in terms of how well ramen noodles perform each of the three functions of money. (100 words) 7. Which is the best form of money in prison: cigarettes, mackerel, or ramen noodles? Justify your answer in terms of the three functions of money. (100 words) 8. Many socalled \"experts" are predicting that we will soon become a "cashless society" or that our money will be in the form of "cryptocurrency," such as bitcoin. If we become a \"cashless society," does that mean that there will no longer be money? How well does a cryptocurrency such as bitcoin perform the three functions of money? (150 words) Criteria for success: The paper correctly defines money and the three functions of money The paper correctly describes the advantages of money over barter The paper correctly applies each of the three functions of money to Cigarettes Mackerel Ramen Noodles Comparison Cashless society/bitcoin Total points _\\||\\Jw_l._L_\\