Answer the following three questions: How does the increased use of digital currencies affect the country's officialmoney
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Question:
Answer the following three questions:
- How does the increased use of digital currencies affect the country's officialmoney supply? How does it affect the ability of a country's central bank to conduct monetary policy?
- What are the potential benefits, policy considerations, and risks of a U.S. central bank digital currency, or CBDC?
- Could a CBDC adversely affect the financial sector? How might a CBDC affect the financial sector differently from stablecoins or other nonbank money?
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