ECN-351 Topic 7 DQ 2

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Refer to the Chapter 21 textbook reading, which discusses the monetary system. Specifically review section 21-1, which focuses on the meaning of money and offers a discussion on the topic of cryptocurrencies.

Additionally, find an article using your subscription to the Wall Street Journal pertaining to cryptocurrency, stable coin, or Central Bank digital currency.

In your post, summarize the WSJ article and discuss the following:

Which digital currency is being examined in the selected WSJ article? How does it compare to each of the three required functions of money outlined in section 21-1 of the textbook reading?

How the use of cryptocurrency could change monetary policy and the management of money supply?

Compare the risks and benefits of cryptocurrency.

• Provide a link to the article and support your answer with relevant ideas, facts, and examples.
• CLASS: Know What You’re Talking About – DQ 2 Video and Rubric
• 1. WATCH THE VIDEO: Know What You’re Talking About: https://youtu.be/3Yc27MDngRQ

2. FOLLOW THE RUBRIC. Be sure to cover every point based on what you’ve seen in the video and what you’ve read in the class materials.

—————————————————–DQ 2 Rubric——————————————————–

Provide a link to your Wall Street Journal Article. —–Excellent: 1 ——— Missing: 0.

Explain your article and how the digital currency it discusses compares to the three functions of money.—–Excellent: 2 ——– Average: 1 ——— Missing or Incomplete: 0.