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Can you assist with this assignment. It needs to relate to conventional macro concepts. Subject Topic A Address the following three subtopics from a descriptive,
Can you assist with this assignment. It needs to relate to conventional macro concepts.
Subject Topic A Address the following three subtopics from a descriptive, rather than normative, perspective. Money has several purposes or functions. a) Based on its functions or features, assess the degree to which Bitcoin (or other cryptocurrency) is considered money in Canada today b) If cryptocurrencies were to become widely used as money in Canada over the upcoming 2 - 3 decades, what factors - including economic ones (mentioned in the textbook) - might contribute to this increased usage? c) If cryptocurrencies were to remain largely unused as money in Canada over the upcoming 2 - 3 decades, what factors, including economic ones, might contribute to that minimal adoption? Some Interesting Articles -Bitcoin: A Primer, The Federal Reserve Bank of Chicago, Dec13 -Why Bitcoin Matters, New York Times, 21Jan14 -Money in a Digital World, Bank of Canada, 13Nov14 -The Economics of Digital Currencies, Bank of England, Q314 -Bitcoin and the Digital-Currency Revolution, The Wall Street Journal, 23Jan15 -The Road to Digital Money, Bank of Canada, 2019 -Contingency Planning for a Central Bank Digital Currency, Bank of Canada, 25Feb20 -A Digital Dollar Would Have Winners and Losers. Here's What's at Stake, Barron's 22Jan22 -The Future of Digital Currency is Arriving Fast. Can the Fed Catch Up?, Barron's 2Feb22Step by Step Solution
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