INSTRUCTION: You are required to post an original comment and also respond to at leas two other comments to agree/clarify/disagree RYPTOCURRENCY MONEY, WILL IT OME MONEY, & WHAT MAY BE THE ECT OF CENTRAL BANK DIGITAL RRENCY ON PRIVATE CRYPTOS? In your post, give us one reason, based on definition of money, for or against adopting cryptocurrency as money, exactly lik the dollar. Also, given that we do not use cryptocurrency to pay for grocery in almost al countries and territories, give two key reason: why it has not been widely accepted as mone What is the effect of central bank cryptocurre (like digital dollar or Yuan) on your previous

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Monetary System
Section: Chapter Questions
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FORUM
DESCRIPTION
IS CRYPTOCURRENCY MONEY, WILL IT
INSTRUCTION: You are required to post an
original comment and also respond to at least
two other comments to agree/clarify/disagree
BECOME MONEY, & WHAT MAY BE THE
EFFECT OF CENTRAL BANK DIGITAL
CURRENCY ON PRIVATE CRYPTOS?
In your post, give us one reason, based on
definition of money, for or against
adopting cryptocurrency as money, exactly like
the dollar. Also, given that we do not use
cryptocurrency to pay for grocery in almost all
countries and territories, give two key reasons
why it has not been widely accepted as money.
What is the effect of central bank cryptocurrency
(like digital dollar or Yuan) on your previous
answer?
Transcribed Image Text:FORUM DESCRIPTION IS CRYPTOCURRENCY MONEY, WILL IT INSTRUCTION: You are required to post an original comment and also respond to at least two other comments to agree/clarify/disagree BECOME MONEY, & WHAT MAY BE THE EFFECT OF CENTRAL BANK DIGITAL CURRENCY ON PRIVATE CRYPTOS? In your post, give us one reason, based on definition of money, for or against adopting cryptocurrency as money, exactly like the dollar. Also, given that we do not use cryptocurrency to pay for grocery in almost all countries and territories, give two key reasons why it has not been widely accepted as money. What is the effect of central bank cryptocurrency (like digital dollar or Yuan) on your previous answer?
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