Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/≈550 words
Sources:
3 Sources
Level:
APA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.37
Topic:

The Current Position of the Central Bank of the United States (Research Paper Sample)

Instructions:

Research Assignment #1: The Current Position of the Central Bank of the United States (the Fed) on the Topic of Development and Launch of a Digital U.S. Dollar
Description: This assignment requires students to research and then based on the research write a paper explaining the current position of the Federal Reserve on the topic of development and launch of a digital U.S. currency (U.S. Dollar). Hence, it is a research assignment in which students will write and submit a brief research paper (2-3 pages of content on the assigned topic + cover sheet page + References page).

source..
Content:


RESEARCH PAPER
Student name
Course name
Course code
Date due
Introduction
Central banks' digital currency is the future currency that represents fiat money. Blockchain Technology is a significant driver of the development and launch of digital currencies across the globe. Some countries, such as China, have taken the leading role in the digitalization of financial transactions. Digital currency is meant to improve the efficiency and effectiveness of financial transactions. The consumers will have direct access to currency through the banking accounts. Some of the money will be availed digitally, and they can withdraw anytime. Federal Reserve had announced the plans to develop digitalized dollar. This article shall insightfully evaluate the position of the fed in the digitalization of the currency.
The Current Position of the Central Bank of the United States (the Fed) on the Topic of Development and Launch of a Digital U.S. Dollar
In May, Jeff cox wrote that the fed is about to release a paper detailing the development and plans on the digital currency in the US. Fed Chairman, Jerome Powell said that the Federal Reserve was still scrutinizing the efforts and evaluating the effectiveness in sustaining the countries economy. According to Cox (2021, May), digital currency provides sustainable transactions to the household and business. The new system would enhance the effectiveness of transactions through secure networks and lower the costs of transactions. The slow release of the central bank's digital currencies was attributed to the worries of the effectiveness of the digital currency given the inefficiencies witnessed from popular bitcoin the dominance of the chain block network.

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • The Tragedy of the Commons
    Description: Tragedy of the commons is a circumstance or a situation in which individuals use extensively a common resource (shared resource) in their own interest without considering how it will affect other people and the environment. By so doing, the resource is depleted....
    3 pages/≈825 words| 5 Sources | APA | Mathematics & Economics | Research Paper |
  • Long Run Equilibrium with Full Employment
    Description: It occurs when marginal costs equal marginal revenue, which is equal also to total average costs. The time period when there are no production fixed variables, is known as the long-run. Demand and supply define all this....
    2 pages/≈550 words| 4 Sources | APA | Mathematics & Economics | Research Paper |
  • The role of contagion in solving sovereign Debt Crisis Economics Paper
    Description: The European community faced a trail of the economic and sovereign debt crisis from the 2007 to 2008 global financial crisis. Most countries had been experiencing healthy economies before the 2007 to 2008 debt crisis. Public debt had been reasonably growing, financial shortages were very little...
    12 pages/≈3300 words| 5 Sources | APA | Mathematics & Economics | Research Paper |
Need a Custom Essay Written?
First time 15% Discount!