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Business, 03.10.2021 06:10 asims44

One of the Fed’s jobs is to monitor electronic payments, which occur when money from one person’s bank account is transferred to another person’s bank account. However, bitcoin, one of the newest forms of currency, works differently. Bitcoins are transferred directly from one person to another without banks as intermediaries. All bitcoin users share a public record of transactions, but the Fed does not supervise bitcoin payments. Given the events that led up to the creation of the Fed, do you think that the growing popularity of bitcoins will increase or decrease economic stability? Why?

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