Posta letterto yourtown or citygovernmentthatseeks approval to presentbeforethemyour idea for a local currency. In your letter,address the followingprompts:

• Describethenameofthe local currency you are proposing and explaintwobenefits of using a local currency.
• Describe the conversion bonus that you might offer to consumers encouraging conversion to your local currency. Then, explain the function c(x)=__ you wrote to model the conversion of cash to your local currency.
• Explainthe importance of making your local currency available electronically and explain the transaction fee that will be charged. Then, explain the function f(x)=__ you wrote to model the transaction fee and the function t(x)=__you wroteto model the amount a merchant will be able to keep after the transaction fee is deducted.
• Describe the fee that will be charged for converting the local currency back to cash. Then, explain the function p(x)=__you wroteto model the amount an individual or merchant willreceivein cash after converting the local currencyto cash.
• Describe the cost of accepting the local currency from a merchant's point of view and explain thecompositefunctionp(t(x)) =__ you wrote to show a function that will model the amount a merchant will keep afterconvertingthe local currencyinto cash.
• Write in the conclusion of your letter,one last appeal foradoptingyour proposed local currency.

While writing your letter,provideatleast onesentenceexplaining eachfunction you present.