Crypto currencies

Fact or Fiction?

2018-09-27 12:00 #0 by: Leia

Cryptocurrencies such a bitcoin are currencies just like any other?

All the best, Leia

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Question 1/1

Cryptocurrencies such a bitcoin are currencies just like any other?

2018-09-27 12:03 #1 by: Leia

Fiction! Economists define a currency as something that can be at once a medium of exchange, a store of value and a unit of account.

Lack of adoption and loads of volatility mean that cryptocurrencies satisfy none of those criteria. 

All the best, Leia

Host of  Gluten-Free Living | News  | English Language Heart

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2018-09-27 12:22 #2 by: jordan

Yay I got it right!

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2018-09-27 14:14 #3 by: Niklas

I think there are many national currencies that wouldn’t pass those criteria either. :-)

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