Virtual Currency System 2 (VCS2) is poses a __________ risk to nations in which is it used because ___________________________
a. High; it can be used directly by end users to buy real-world goods and services.
b. High, it weakens central banks' abilitiesto control their monetary bases.
c. Low; it can be spent only in virtual worlds.
d. Low; when it is exchanged for real-world currencies, only a small portion of the exchange actually influences the nation's monetary base.
e. Medium; its conversion into real-world currencies causes only minor movements in nations' M2 money multiplier.
.C
You might also like to view...
If the government implements a tax on the general public to pay for street lighting in one neighborhood,
A) the tax redistributes well-being and the benevolent social planner is not pleased. B) the tax redistributes well-being, but the benevolent social planner is pleased. C) the tax reduces well being and the benevolent social planner is not pleased. D) the tax has no bearing on well-being and the benevolent social planner is indifferent.
A strike, or the threat of one, is most likely to be effective when
a. demand for the firm's product is strong. b. foreign competition for the product is high. c. the firm has a high product inventory. d. demand for the product produced by the union workers is highly elastic.