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Will there be a gold-backed currency

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1) Remittances could become one of the significant contributors to the economy and overall balance of payments of a country. Discuss the impact(s) of cryptocurrencies on the overall balance of payment with 2 countries as examples.

2) The cost of remittances with the current payment system is high. Illustrate the use of alternative payment systems that can potentially reduce the cost of remittances with 2 examples.

3) Discuss 4 factors that drive the use of cryptocurrencies globally with examples.

4) In your opinion, will there be new type of currencies to replace the role of US dollar as the world reserve currency? Why or why not? Discuss.

5) Will there be a gold-backed currency? Why or Why not? Discuss.

Reference no: EM133014709

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