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QUESTION
5.Watch the following short video about two alternative currencies, gold and bitcoin. Which of the functions of money is the video mainly concerned
5.Watch the following short video about two alternative currencies, gold and bitcoin. Which of the functions of money is the video mainly concerned with?
- Medium of exchange.
- Means of payment.
- Store of value.
- Unit of account.
- International payments.
6.Pick one of the other functions of money, besides the one the video looks at. Suppose you wanted to make a similar video exploring how well the alternative currencies fulfills that function. Explain, in a few sentences, what you would look for and what questions you would ask to see if gold or bitcoin performed that function. (Make sure to say which one you are writing about.)
