What is the main goal of the Fed's new payment system initiative?
Fed to Issue Report on U.S. Digital Currency

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To increase the value of cryptocurrencies
To eliminate the need for banks
To create the fastest payment system possible
To replace the US dollar with a digital currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the focus of the Federal Reserve Board's upcoming discussion paper?
The benefits and risks of CBDC in the US
The history of cryptocurrencies
The elimination of cash transactions
The global adoption of Bitcoin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the Fed view the relationship between digital currencies and the US dollar?
Digital currencies are tied to the US dollar
Digital currencies have no connection to the US dollar
Digital currencies will replace the US dollar
Digital currencies are a threat to the US dollar
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential consequence of the Fed adopting stablecoins?
Increased bank deposits
Reducing the need for digital payments
Bypassing the traditional banking system
Strengthening the US dollar
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the Fed see current digital currencies as unsuitable for payment systems?
They are backed by gold
They are widely accepted
They have volatile values
They are too stable
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