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what are some advantages and disadvantages of a government continuing to issue paper currency in the face of widespread financial innovation?

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Answer:

Some of the advantages of a government continuing to issue paper currency in the face of widespread financial innovation include increased trust and confidence in the currency, a sense of security for citizens and businesses, and regulation of the financial system. Disadvantages include the cost of printing and maintaining paper currency, the risk of counterfeiting, and the difficulty of tracking the circulation of paper currency. Additionally, paper currency may not be able to keep up with the speed of modern financial transactions, and its use may hinder the development of new and innovative financial technology.

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