Question
Cryptocurrencies (like Bitcoin, Ethereum and Dogecoin) can work as a medium of exchange, store of value and unit of account in a non-centralized non-governmental system.
Cryptocurrencies (like Bitcoin, Ethereum and Dogecoin) can work as a medium of exchange, store of value and unit of account in a non-centralized non-governmental system. In other words, it can do the same things as money does but outside of the federal reserve banking system. Discuss the main functions of the federal reserve system. Mention at least two advantages and/or disadvantages there are with cryptocurrencies vs. the federal reserve banking system? Would you trust your finances and transactions solely on cryptocurrencies? Why or why not? Do some research to support your discussion.
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