Like most central banks around the world, the Federal Reserve currently does not provide deposit accounts for
Question:
Like most central banks around the world, the Federal Reserve currently does not provide deposit accounts for individuals. Suppose the Fed decided to issue digital currency by offering unlimited access to interest-paying deposit accounts for individuals.
What problems might this change cause for the financial system?
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Step by Step Answer:
Introducing unlimited access to interestpaying deposit accounts for individuals by the Federal Reserve could potentially pose several challenges and disrupt the financial system in various ways Disrup...View the full answer
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Related Book For 
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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