cryptocurrencies are digital tokens that are created independently of government money and can act as a medium
Fantastic news! We've Found the answer you've been seeking!
Question:
cryptocurrencies are digital tokens that are created independently of government money and can act as a medium of exchange and store of value. which other instrument could most reasonably fulfil the same function?
Expert Answer:
Answer rating: 100% (QA)
There are a few other instruments that could potentially fulfill some of the same functions as cryptocurrencies though none are a perfect substitute 1 ... View the full answer
Posted Date:
Students also viewed these finance questions
-
1. Why did Ulbricht point out that the IRS treats bitcoins as property? 2. Does the fact that Ulbricht created Silk Road have any bearing on the courts decision? 3. Is the court interpreting the...
-
In February 2014, a federal Grand Jury indicted Ross Ulbricht, also known as Dread Pirate Roberts (Ulbricht), for, among other things, conspiracy to launder money obtained from illegal activities....
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Implement the method keys () for HashST.
-
Using the regression equation from problem 11-25, predict excess stock return when SIZRNK = 5 and PRCRNK = 6. Estimated Coefficient Value (t Statistic) INTCPT X1 X2 ADJUSTED-R Ordinary Least-Squares...
-
An investment offers the following year-end cash flows: End of Year Cash Flow 1 ..... $20,000 2 ..... $30,000 3 ..... $15,000 Using a 15 percent interest rate, convert this series of irregular cash...
-
Identify the two situations in which unstratified mean-per-unit is most apt to be used. Explain why they are the only two situations where mean-per-unit is a likely estimation.
-
Clifford Johnson has a limited partnership investment and a rental condominium. Clifford actively manages the rental condominium. During 2014, his share of the loss from the limited partnership was...
-
If an integer overflows, what type of error is producedcompile-time error, runtime error, or logic error? Look up BigInteger in Java API documentation, and write a program that generates and prints a...
-
Determine if the given function is continuous or not, using 3 steps. a. f(x) = 3 - x at x 2 b. f(x) = x2 4x 2 at x = 1 c. f(x) : x-3 2x at x = 3 d. f(x) = at x e. f(x) = 6x 6 at x = 0 %3! Sample...
-
On January 1, 2022, Concord Industries Inc. issued a $101,000,7% bond due in 10 years with interest payable each January 1 and July 1. The effective interest rate is 8%. Assuming instead that the...
-
1. Go online and visit several websites. Describe the types of online advertising you encounter. What businesses, products, or services are being advertised? Are the advertisements effective or...
-
Bierce Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated...
-
In a certain section of a toll road, there are loads consisting of the embankment, traffic load (vehicles), and water tank load (only the load caused by the water is counted). The groundwater level...
-
A distillation column is used to separate a mixture of methanol, ethanol, and isopropyl alcohol. The feed stream, with a mass flow rate of 300 kg/hr, has the following composition: Component Species...
-
1. A recovering heart attack patient is told to get on a regular walking program. The patient is told to walk a distance of 5 km the first week, 8 km the second week, 11 km the third week and so on...
-
Troy is a qualified radiologist who operates a successful radiology practice from purpose- built rooms attached to his house. Troy works in the practice three days a week, and the other two days he...
-
What is a generalized audit software package?
-
Briefly discuss the motivations for developing generalized software specifically for audit purposes. Even though generalized retrieval software already existed before audit software was developed,...
-
First South Australian State Bank recently has installed a new network for teller operations in its 500 branches throughout the state. Teller machines in each branch are connected to a branch...
Study smarter with the SolutionInn App