How bitcoin is replacing money for particular function

Assignment Help Macroeconomics
Reference no: EM132606622

https://www.forbes.com/sites/ronshevlin/2020/07/27/the-coronavirus-cryptocurrency-craze-whos-behind-the-bitcoin-buying-binge/#24d740452abf

What specific function of money is being replaced by bitcoin pointed out in this article?

a. Clearly cite a statement from the reading to support your answer

b. Demonstrate how bitcoin is replacing money for this particular function

c. Evaluate whether or not bitcoin is a better alternative than money. Clearly compare and contrast the pros and the cons.

Reference no: EM132606622

Questions Cloud

What might cause the world interest rate to rise : Suppose we were in a situation where the interest elasticity of investment is low, and money demand is very interest elastic.
Network security applications and security countermeasures : Briefly describe each of the listed network security applications and security countermeasures.
What is an underwriting facility : The board of directors has noted, What is an underwriting facility, and why might AGL use such a facility, and why might AGL use an underwriter?
How much would you pay today : Question - Single cash flow. How much would you pay today to receive $56,044 twenty years from now if your investments earn 9%
How bitcoin is replacing money for particular function : Evaluate whether or not bitcoin is a better alternative than money. Clearly compare and contrast the pros and the cons.
Explain how dividend reinvestment schemes operate : Discuss the advantages of a dividend reinvestment scheme from the point of view of the corporation and shareholders. How dividend reinvestment schemes operate
Factors affecting the perfect competitive market types : Explain the factors affecting the perfect competitive market types, providing examples?
What will happen in the market when this law is passed : Use the following Supply and Demand Schedule for slices of pizza for the below question.
Linkage between monetary and real sectors of economy : Aggregate demand and aggregate supply can be used to analyse the linkage between the monetary and real sectors of the economy.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd