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Respond substantively (a minimum of 100 words) to at least two of your classmate

by | Oct 11, 2021 | Macro Economics | 0 comments

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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. Respond to the following post:The Pope states ” Money is a tool that enhances human freedom to bear fruit.” (Chafuen, A. (2018, August 22) He said it is a good tool that expands our opportunities. The Pope said money can be used for evil goals. I agree with him because some people rob and even kill people to get money. Scholars of the Middle Ages believes that the function of money is a medium of exchange and a disbursement in a form of transactions. (Chafuen, A. (2018, August 22) Money is basically a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. Money allows the exchange of goods and services to take place. Money let’s us buy what we want and when we want it. (Functions of Money Mar 22, 2019) Amacher, R., & Pate, J. (2019) states ” Money is something that people accept as payment for goods and services. I agree with the Pope when he said money can be used for evil goals. I don’t think money is the root of all evil in all cases. There has been times when someone got murdered and the murderer didn’t take any money from them no money or jewelry just the satisfaction of knowing that someone is dead. They just intended to murder. There has been times when people get paid to murder for money. I think money is a good tool and some people misuses it for their personal gain. Commodity money has value because of what it is made out of and also its a form of exchange. Paper money has value because it’s the governments currency. That is how paper money is valid because it is still a form of exchange for goods and services. Credits cards are loans that has to be repaid. It is borrowing money for a credit card company. Credit cards can be used like currency and it is accepted as a form of exchange. Cryptocurrencies can be used to buy goods and services for online purchases and is a form of exchange. ReferencesAfter the Bell. (2019, March 22) Functions of Money [Video]. Youtube.Amacher, R., & Pate, J. (2019). Principles of macroeconomics (2nd ed.). Bridgepoint Education.Chafuen, A. (2018, August 22). Moralists and money: From gold to Bitcoin Download Moralists and money: From gold to Bitcoin. Forbes. Retrieved from https://www.forbes.com/sites/alejandrochafuen/2018…

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