How do they change the demand curve for existing currencies

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Reference no: EM131918877

Write 1-3 paragraphs that explain the following:

What are digital or crypto-currencies? Note this assignment is not about electronic currencies, but digital or crypto currencies which are not currencies established by federal governments.

Why did they come about?

How do they work specifically?

Who uses them?

Part 2 (10 points)

Write 1-3 paragraphs that explain the following about digital currencies with respect to currencies issued by national governments:

How do they affect existing currencies from a monetary policy perspective of nations?

How do they change the demand curve for existing currencies?

Your assignment should use formal citation format and show good paragraph construction for full credit.

Reference no: EM131918877

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