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According to Merrill Lynch, which of the following are disadvantages of Bitcoins as a medium of exchange? (pp. 3-4) 1. High volatility in the dollar

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According to Merrill Lynch, which of the following are disadvantages of Bitcoins as a medium of exchange? (pp. 3-4) 1. High volatility in the dollar price of Bitcoins makes large retailers less willing to accept them. 2. Bitcoins are not legal tender and thus have no backstop buyer. 3. Transactions costs could be increased by new government regulations. A. 1 only B. 1 and 2 C. 2 and 3 D. 1, 2, and 3

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