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Questions attempted:0/38 30 of 38 2 Marks Suppose Concordia issues a new crypto currency called the C-Coin which can be used to pay for campus

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Questions attempted:0/38 30 of 38 2 Marks Suppose Concordia issues a new crypto currency called the C-Coin which can be used to pay for campus services, books, tuition, transit passes and is accepted at restaurants near the campus. In addition, you can go to any of four terminals on campus and exchange your C-Coins at a set rate of 3 C-Coins per Canadian dollar. This would be an example of: O A. A hard peg where Concordia must maintain robust Canadian dollar reserves to honor the exchange rate they set. O B. A flexible exchange rate where Concordia may allow the value of C-Coins to fully reflect the demand and supply of those coins. O C. A soft peg where Concordia must maintain some Canadian dollar reserves to honor the exchange rate they set. O D. An illegal issuance of legal tender by a non-federal authority in the USA. Unsure

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