How does your bitcoin work

Assignment Help Macroeconomics
Reference no: EM132506539

1) How does your Bitcoin work? Is this money according to the PowerPoint/book? Why or why not?

2) Under what circumstances can this Bitcoin be accepted as the main medium of exchange?

3) Refer to the definition of money and the three functions and incorporate them in your answer.

Reference no: EM132506539

Questions Cloud

Explaining the policy or regulation you selected : Briefly and generally explain the policy or regulation you selected. Address the impact of the policy or regulation you selected on system implementation.
Prepare the required elimination entries on december : Using equity method, Prepare the required elimination entries on December 31, 2011. Show your computations. Par Corporation acquired a 70 percent interest
Describe the writing plan for informational e-mail messages : Describe the writing plan for informational e-mail messages and What four tips would you give to a beginning blogger - How do companies use blogs
Discuss variant characteristics of culture : In your own words and using the proper evidence-based references define transcultural diversity and Health care and discuss how both term interact.
How does your bitcoin work : 1) How does your Bitcoin work? Is this money according to the PowerPoint/book? Why or why not?
What are the three basic functions of money : What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.
Which ones are the most important ones in given situation : Of the nine intentional strategies depicted in your book (Crisis Intervention Strategies - 8th Ed. - By: Richard K. James & Burl E. Gilliland), which ones are.
Record the trade-in transaction : Assume the company changed the depreciation method to the Double declining one, prepare the journal entries and show calculation to Record trade-in transaction
What is the total consumption expenditure : In an economy without state and foreign trade, if the autonomous consumption is 80, autonomous investment is 70 and the marginal saving tendency

Reviews

Write a Review

Macroeconomics Questions & Answers

  Non-profit cybersecurity organization

Select a non-profit cybersecurity organization. Identify aspects of the selected non-profit organization that align with Identity as a Service (IDaaS). How would the organization integrate IDaaS within its infrastructure?

  How macroeconomic factors affect health care costs

Explain how macroeconomic factors affect health care costs - What is currently the major difference between the U.S. health care system and the Canadian health care system?

  A student sleeps 8 hours per day and divides the remaining

a student sleeps 8 hours per day and divides the remaining time between study time and leisure time. the table shows

  Compute equilibrium levels of output and interest rate

The following equations describe an economy, compute the simpler government spending multiplier in our open economy that applied under constant interest rate and equilibrium levels of output and interest rate

  Compute the own price elasticity of demand at a price

Compute the own price elasticity of demand at a price of $4. What is the inverse demand curve for the radio station

  Find the monopolists profit maximizing quantity and price

For each restaurant, write profit as a function of Px and Py and find the best response functions of the two restaurants.

  What is the debt to gdp ratio

The autonomous expenditure is (C0 + I0) is 600 and government expenditure is 400. What is the debt to GDP ratio?

  Suggestions are more about levels or growth

Describe what Smith means when he talks about levels vs growth. Do you think Cochrane's suggestions are more about levels or growth?

  What are the three basic functions of money

What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.

  An investment alternative will yield an income of

An investment alternative will yield an income of $12,500 now (t=0) and $8,000 three years from now. What is the accumulated amount at the end of 8 years if the interest rate is 9% per year compounded semi-annually?

  Germany consumers have 50 in income their gross domestice

germany consumers have 50 in income their gross domestice product. they spend 35 on consumer goods 25 on germany goods

  Calculate the change in the trade balance

Public Affairs 854 Spring 2013 - Midterm 1. Calculate the change in income for a change in the real exchange rate. Show your work! Calculate the change in the trade balance for a given change in the real exchange rate. Hint: TB ≡ EX - IM. Show your w..

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