The difference between bank deposits and Bitcoins is that A. Bitcoins can only be a liability...
The difference between bank deposits and Bitcoins is that
| A. |
Bitcoins can only be a liability while bank deposits are both liabilities and assets |
|
| B. |
Bitcoins are a commodity currency and bank deposits are not. |
|
| C. |
Bitcoins' creation is decided by miners while bank deposits' creation is decided by banks. |
|
| D. |
Bitcoins are digital while bank deposits are not. |
Homework Answers
Ans. C . Bitcoins' creation is decided by miners while bank deposits' creation is decided by banks. - This is the correct answer.
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The difference between bank deposits and Bitcoins is that
A.
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fixed exchange rate. In order to maintain the peg, the bank
intervenes in the foreign exchange market and sells $500 of
foreign bonds for domestic currency.
a) As a result of the intervention, has the domestic money
supply increased or decreased?
b) By how much? (no decimals)
c) What must the Central Bank do to sterilize this
intervention?
A. Buy $500 of foreign assets.
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