New coronavirus stimulus bill in Congress creates the US digital dollar : as the markets continue to drop and US looks to Congress for agreement on a massive stimulus package to save the economy from the impacts of the coronavirus pandemic the newest offer by the House Democrats includes a very forward looking kind of stimulus creation of a digital dollar and establishment of the digital dollar wallets

The statement above states that the federal reserves or American Central Bank has prepared the regulation for the transition to digital dollar and claims that the cash usage will disappear in the near future. if this regulation comes in force and cash usage disappears,

• Obtain the money multiplier for the narrow definition of money supply
• compare the stability of multipliers with and without cash
• in which environment do central banks become stronger in terms of controlling money supply and why