Can you help me understand this Economics question?
I have already done the excel part, please finish the two question.
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Get Help Now!In this part of the assignment, you will be investigating the cryptocurrency market and
globalisation.
1) Using daily close data, please plot the following two exchange rates on the same chart:
i) exchange rate between VEF (Venezuelan Bolivar) and USD from 1 July 2013
to 30 June 2020; and
ii) exchange rate between Bitcoin (BTC) and USD from 1 July 2013 to 30 June
2020;(I have already done)
(Hint: Please clearly mark the legend and the relevant information on the axes, and
provide data sources. You can use the left axis for the VEF/USD exchange rate,
while using the right axis for the BTC/USD exchange rate. Please note that you
should create a chart on your own rather than copying from other sources.)
Question one:
Indicate one specific point on each of these two lines where the trend changes, and
provide some reason(s) why this is the case. Less than 150words
Question two:
2) Do you agree with the statement below? Why or why not?
“Given the inflation in Venezuela was well above 80,000% in 2018, Venezuela should
adopt a cryptocurrency such as Bitcoin as a national currency?” (Less than300 words)
Please using Harvard reference style.
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