AS Paper 1, June 2022Introduction to Markets and Market Failure
AS Paper 1, June 2022, Q3(a)
Which one of the following would be most likely to cause a country’s currency to no longer be acceptable as a medium of exchange?
Multiple choice1 mark
Context
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis.
AIt becomes harder to counterfeit
BIt becomes unlimited in supply
CIt is issued in smaller denominations
DIt is more long lasting