Read the articles posted on eClass in the “Articles for assignment 1” folder, and write a 500-600 words essay, double-spaced, 12 Times New Roman, in American Psychological Association (APA) style on the following topic:
Do you think that digital currencies will shape new money in the future?
In your assignment, consider discussing the following points in the context of digital currencies.
Money can be anything that is generally accepted in the payment of goods or services or in the payment of debts. Money must be measurable, widely accepted, durable, and easily divisible. Moreover, money must perform the following three functions.
1. Medium of exchange
2. Unit of account
3. Store of value
The essay should consist of an introductory paragraph, body paragraphs, and a concluding paragraph.
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