Good Day Sir.

Sir I need some answer of following questions.

1. In late 2009, Amazon introduced PayPhrase, an electronic payments systemintended to compete with PayPal. Less than three years later, in early 2012,

Amazon discontinued the program. PayPal is by far the largest electronic

payments system. What problems might competitors encounter in trying toset up a competing system?

2. According to an article in the Economist, "Zimbabwe abandoned its worthlesscurrency not long after monthly inflation hit 80 billion per cent in November2008. Zimbabweans now use American dollars." The article also notes thataverage incomes in Zimbabwe had fallen by two-thirds, but after the countryabandoned its currency for the U.S. dollar, economic growth began to occur.

a) Why would Zimbabwe abandon its own currency to begin using U.S. dollars?

b) Why would using the U.S. dollar as its currency have enabled the economy of

Zimbabwe to resume growing?

c) What potential problems could use U.S. dollars rather than its own currencypose for the Zimbabwean government?

Sir word file will be easy to understand.

Thank you Sir.