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Principles of Macroeconomics

30/09/2020 Client: murugan Deadline: 2 Day

 Money and Its Functions [WLO: 1] [CLOs: 2, 4]


Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin (Links to an external site.), 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.

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