ECO 203 Principles of Macroeconomics NO PLAGIARISM PLZ discussion 1

 

prior to beginning work on this discussion, read Alejandro Chafuens article, , 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.