ECO 203 Week 4 Discussion 1 | Assignment Help | Ashford University

ECO 203 Week 4 Discussion 1 | Assignment Help | Ashford University 



Week 4 - Discussion 1


 

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, Moralists and Money: From Gold to Bitcoin , 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.

Guided Response: Respond substantively (a minimum of 100 words) to at least two of your classmates’ posts. What is different or similar between your post and your classmates’ posts? What advice could you offer your classmates? Substantive responses use theory, research, and experience or examples to support ideas and advance the class knowledge on the discussion topic.

 

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