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How would a transition to cbdcs affect your life

Assignment Help Macroeconomics
Reference no: EM133336755

Article: Real the article "Digital Currency: The Future of Your Money" by D. Rodeck and M. Adams for Forbes Advisor, Oct 13, 2022

Questions:

  1. Are cryptocurrencies 'money' as described in the text? Provide an argument either way and link to an article supporting your view.
  2. Have you ever held a cryptocurrency (such as Bitcoin or Ethereum)? What was the reason? Would you expect to ever hold a cryptocurrency again?
  3. Several countries around the world are introducing or already using central bank digital currencies (CBDCs), but not the U.S. Do you think the U.S. should adopt a CBDC, and why or why not? Would it matter to you if the CBDC were alongside physical currency, or instead completely replaced physical currency? How would a transition to CBDCs affect your life, and would you personally favor it or no?

 

Reference no: EM133336755

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