Question
It has been argued that in order for cryptocurrencies to serve as acceptable 'money' it has to serve all four of its main functions. These
It has been argued that in order for cryptocurrencies to serve as acceptable 'money' it has to serve all four of its main functions. These are:
a. | Portability, divisibility, durability and acceptability | |
b. | Vehicle for central banks monetary base, economic wealth creation, investment for firms and savings for households | |
c. | Medium of exchange, unit of account, store of value, and standard of deferred payment | |
d. | Providing liquidity, as a unit of value, facilitating savings and controlling prices |
monetary base, economic wealth creation, investment for firms and savings for households c. Medium of exchange, unit of account, store of value, and standard of deferred payment d. Providing liquidity, as a unit of value, facilitating savings and controlling prices
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started