Question
Imagine a hypothetical world in the future where households and businesses do not have bank deposits in banks but hold an account at the central
Imagine a hypothetical world in the future where households and businesses do not have bank deposits in banks but hold an account at the central bank instead, through which they own central bank digital currency (CBDC).
In that new world, banks do not offer deposits but still provide loans. In that new world, does the payment system need ESF?
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Federal Taxation 2017 Individuals
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
30th Edition
134420861, 978-0134743110, 134743113, 978-0134420868
