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Write 3-4 paragraphs that explain the following: What are digital or crypto-currencies? Why did they come about? How do they work specifically? Who uses them?

Write 3-4 paragraphs that explain the following:

  • What are digital or crypto-currencies? Why did they come about?
  • How do they work specifically?
  • Who uses them?

Write 3-4 paragraphs that explain the following about digital currencies with respect to currencies issued by national governments:

  • How do they affect existing currencies from a monetary policy perspective of nations?
  • How do they change the demand curve for existing currencies?

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