Question

A goal of creating Libra currency is? a) To enable Libra to convert to fiat currency...

A goal of creating Libra currency is?

a) To enable Libra to convert to fiat currency

b) To tie to the gold standard

c) To eventually have all major organizations as partners

d) None of the above

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Homework Answers

Answer #1

Libra currency is basically a digital currency to be launched by facebook in year 2020 with the aim of reducing fluctuations in the value of the currency internationally so that it can be used for daily transactions.

(A) no because libra will always be backed by securities of some stable and reputable banks unlike fiat.

(B) no bacause it will have a more stable value as it will be backed by low volaitile bank deposits and government securities.

(C) no bacause it aims to reach the general public.it wants to eensure that sending money globally is easy, convienent and less costly.

(D) yes beacuse the main aim is to ensure a stable currency globally for daily transactions.

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