Problem
Assume that Alberta has declared its independence.
Create a brochure or poster for a new museum exhibit on Alberta's currency and banking system in the new country. Explain the currency in the new country.
Consider the following:
a) What should Alberta's money be? Flat or commodity money? Bitcoin? Relate to the characteristics of money.
b) What does an independent Alberta need to put in place to ensure that Albertans recognize and use the money?
c) What would you call Alberta's Central Bank? What would they do and who would run it?
d) What if Alberta uses US money'? Canadian money? Does it matter if Alberta is not a member of either country"?
e) Explain the pros and cons of using another country's currency.