ECO 320 Week 2 Discussion 1 and 2
ECO 320 Week 2 Extra Credits Discussion
Hello class!
You might have heard about the bitcoin and other digital/crypto currencies, used in peer-to-peer transactions.
Please do some research and share it with your classmates together with your comments. Â
The focus in your comments should be on the potential of bitcoin and other crypto currencies to serve as viable alternative of money, and more specifically on its ability to serve as a means of exchange, unit of account, and store of value.
You might also do some research on other virtual currencies gaining popularity, such as etherium, for example.
Students, who chose to participate in this discussion, will receive 5 bonus points. Â
Three students, who posted the most interesting information and who made the most thoughtful comments will be rewarded with additional bonus points.
·        1st place: 20 additional bonus points
·        2nd place: 15 additional bonus pointsÂ
·        3rd place: 10 additional bonus points
ECO 320 Week 2 Discussion 1
"Money and Payments" Please respond to the following:
·        Discuss how payment systems have evolved over time to reduce transactions costs and predict how technological advancements will continue to reduce transaction costs in the future. Provide specific examples to support your response.
ECO 320 Week 2 Discussion 2
"Present Value" Please respond to the following:
·        Consider a long-term debt you currently own (e.g., a mortgage or student loan) and discuss how you would take present value into account when deciding whether you should retire that debt ahead of schedule. Explain your rationale.
Answers
Status NEW
Posted 16 Jan 2019 07:01 PM
My Price 7.00
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