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Econ 1P92 (a) Do you agree that gradually reducing people's CBDC balances is equivalent to a negative interest rate? (10%) (b) If a government becomes

Econ 1P92

(a) Do you agree that gradually reducing people's CBDC balances is equivalent to a negative interest rate? (10%) (b) If a government becomes tyrannical and wishes to enslave its population, would the CBDC help or hinder its goal? (10%)

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