CSCC FMGT 2202 Case Study 2 (35 points) Digital/Crypto Currency Note this

CSCC

FMGT 2202

Case Study 2 (35 points)

Digital/Crypto Currency

Note this assignment is not about electronic currencies, but digital or crypto currencies which are not currencies established by federal governments.

Part 1 (20 points)

3 paragraphs that explain the following:

What are digital or crypto-currencies? Why did they come about?

How do they work specifically?

Who uses them?

Part 2 (15 points)

2 paragraphs that explain the following about digital currencies vs traditional currencies issued by national governments:

How do digital currencies affect traditional currencies from a monetary policy perspective? Feel free to bring more than just the United States into this discussion.

How do digital currencies change the demand curve for traditional currencies?

Your assignment should use formal citation format for all sources, and show good paragraph construction for full credit.

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