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Case Study $2$ and Assignment $3$

Group Name

Group $6$

Instructions

This group assignment is about Future of Money, a$.$k$.$a$.,$ CBDC or Central Bank Digital Currency.

Research and answer the following questions $($Each question carries a maximum of $3$ marks$)$:

$1)$ Explain what is CBDC$,$ including its evolution journey so far globally $($history$,$ development, types$)?$

$2)$ What are the Pros and Cons of CBDC with specific reference to the Monetary Policy?

$3)$ It is said that CBDC can be programmed to include an 'expiration date' of your money. In other words if you do not spend a certain amount of your CBDC it will 'expire' $-$ meaning thereby rendered worthless. Explain and how setting an expiry date would effect the Monetary Policy $-$ depreciative money?

$4)$ How the Bank of Canada views adaptation of CBDC in the Canadian Economy?

$5)$ China started piloting CBDC as early as April $2020.$ What lessons can be drawn from its learnings?

Submit in the Dropbox provided, as per the below format.