Write a one page description about whether you believe Bitcoin should be classified as money. This assignment is purposely open ended. Don't feel the need to make it a long assignment. Look at the characteristics of money. Do some research on Bitcoin. Make your case. There is not right or wrong answer.
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- Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent. An initial $800 compounded for 1 year at 5.5%. $ An initial $800 compounded for 2 years at 5.5%. $ The present value of $800 due in 1 year at a discount rate of 5.5%. $ The present value of $800 due in 2 years at a discount rate of 5.5%. $Which of the following statements about the Bitcoin incentive mechanisms is INCORRECT: We may not be able to penalize the node that created the block with invalid transactions since the node does not disclose its real identity. Block reward is the only incentive mechanism in Bitcoin. The value of block reward halves every 210,000 blocks.Which of the following statements is correct? A. Bitcoins are mainly used as financial investments, as opposed to a means of payment for services and goods. B. New Bitcoins are given to the miners who win by users whose transactions have been verified. C. If one exchange Bitcoins for domestic currency, the amount of Bitcoins in circulation decreases. D. Bitcoins are created by an institution that makes a loan in Bitcoins. E. Bitcoins are a liability for miners.
- Use both the TVM equations and a financial calculator to find the following values. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent. An initial $300 compounded for 10 years at 4%. $ An initial $300 compounded for 10 years at 8%. $ The present value of $300 due in 10 years at a 4% discount rate. $ The present value of $300 due in 10 years at an 8% discount rate. $Raising a small amount of money from large number of people is known as ________________ Block chain technology Crypto currencies Crowd Funding Investment bankingA major problem experienced by cryptocurrency, which makes it problematic to store value is _____________. A) Distributed ledgers B) Blockchain C) Price volatility D) Transaction security E) All of the options Also give justification for your answer.
- What comment can be made on this? Blockchain also extends beyond just cryptocurrency, as it introduces an independently-verifiable form of digital ownership, which unlike other similar technology does not require any third-party involvement at all. This in turn creates scarcity in the digital world, which has led some to refer to Bitcoin as digital gold, since it is able to serve a similar purpose as a store of value. As more digital commodities and other applications utilize blockchain technology, more digital stores of value such as NFTs become possible and these tools are quickly becoming more common. Because cryptocurrency is already part of a software system, it is very easy to use and integrate for various types of more complex transactions such as escrow, trust, etc. and have it handled entirely in software, which allows for faster and more reliable transactions (Hougan & Lawant, 2021).What are the major flaws with NPV? What are the major flaws with IRR? If you are going to a bank and trying to get a loan, which is the best method to use (NPV, IRR, Payback period)?nd the present value of the following ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the PV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent. $600 per year for 10 years at 12%. $ $300 per year for 5 years at 6%. $ $600 per year for 5 years at 0%. $ Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. Present value of $600…
- Find the present value of the following ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the PV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent. $400 per year for 10 years at 6%. $ $200 per year for 5 years at 3%. $ $400 per year for 5 years at 0%. $ Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. Present value of $400 per…Find the present value of the following ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press PV, and find the PV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent. Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. Present value of $800 per year for 10 years at 14%: $ Present value of $400 per year for 5 years at 7%: $ Present value of $800 per year for 5…A decrease in the costs of using an ATM causes money demand to increase. Shifting the Money demand curve to the right.Group of answer choices A. The first statement is false. The second statement is true. B. The first and second statements are both false. C. The first statement is true. The second statement is false. D. The first and second statements are both true.