What effect do purchases of virtual items with virtual currencies have on a nation's monetary base, M2

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What effect do purchases of virtual items with virtual currencies have on a nation's monetary base, M2 money supply, and M2 money multiplier?

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Managing in a Global Economy Demystifying International Macroeconomics

ISBN: 978-1285055428

2nd edition

Authors: John E. Marthinsen

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Question Posted: Mar 09, 2016 06:47 AM

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What effect does the purchase of virtual currencies have on a nation's monetary base, M2 money supply, and M2 money multiplier?
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What effect do purchases of virtual items with virtual currencies have on a nation's monetary base, M2

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Monetary base 0 because virtual currency purchases have no effect on curren...View the full answer

Managing in a Global Economy Demystifying International Macroeconomics

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