NaoDec 30, 2021 · 3 years ago6 answersWhat role does the substitution effect play in the decentralization of financial systems through cryptocurrencies?
How does the substitution effect contribute to the process of decentralizing financial systems through the use of cryptocurrencies? What impact does it have on traditional financial institutions and centralized systems? How does the substitution effect drive the adoption and acceptance of cryptocurrencies as an alternative to traditional forms of currency?
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