Digital Currencies and the Next Frontier in Monetary Policy

The video discusses the potential impact of central banks adopting digital currencies, highlighting China's progress with the digital yuan. It explores global perspectives, including the cautious approach of the US and other countries, due to challenges such as privacy, access, and the potential disruption to traditional banking systems.

Which country is leading in the real-world trials of a digital currency?

• India

• United States

• China

• Germany

What is the primary reason for the cautious approach of central bankers towards digital currencies?

• Public opposition

• High costs

• Privacy concerns

• Lack of technology

What is one of the main challenges of digital currencies related to user access?

• Lack of public interest

• Complex regulations

• Limited internet access

• High transaction fees

How might digital currencies affect the traditional banking system?

• Strengthen bank deposits

• Increase savings

• Undermine or disrupt it

• Enhance customer service

Why do people appreciate cryptocurrencies according to the video?

• They are easy to understand

• They have stable value

• They offer anonymity

• They are government-backed