Define money and describe its functions.

Prior to beginning work on this discussion, read Alejandro Chafuen’s article, https://www.forbes.com/sites/alejandrochafuen/2018/08/22/moralists-and-money-from-gold-to-bitcoin/#682eb9c016af 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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