According to the article "Boston's Federal Reserve says it has solved technical challenges of a digital dollar", which of the following statements are true concerning the development of a central bank digital currency (CBDC)?

a.

The Federal Reserve has been publicly investigating a CBDC for a long time

b.

The U.S. is well ahead of other countries when it comes to developing a CBDC

c.

The privacy of a CBDC and its ease of exchange with foreign currency still need to be studied

d.

Each of these answers is correct

According to the article entitled "Why the Federal Budget is Not Like a Household Budget", which of the following is true concerning a government with its own sovereign fiat currency?

a.

There federal budget must always be in balance, matching expenditures to revenues from taxing or borrowing.

b.

Spare capacity and unemployment provide opportunities for the creation of additional money and spending.

c.

Regardless of how much additional money is created, there can never be runaway inflation.

d.

Each of these answers is correct