Virtual currency unit 3 (VCU3) is different from VCU2 because:
a. VCU2 cannot be spent in the real world; VCU3 can be spent in the real world.
b. In terms of convertibility, there is no difference; both VCU2 and VCU3 can be purchased with and sold for legal tender.
c. VCU3 can directly affect real world demand, whereas VCU2 cannot affect real-world demand.
d. In terms of their potential to change a nation's monetary base, there is no difference because neither VCU3 nor VCU2 affect a nation's monetary base.
.D
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An increase in expected inflation for any given nominal interest rate will cause the:
A. bond supply curve to shift to the left. B. price of bonds to increase. C. bond demand curve to shift to the right. D. price of bonds to decrease.
Which of the following is NOT an example of the efforts to reduce the adverse selection problem?
A. Sellers offer warranties. B. Consumers invest in information. C. Sellers offer money-back guarantees. D. All of these are examples of efforts to reduce adverse selection.