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CHAPTER 10 The Economics of Virtual Currencies

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1 CHAPTER 10 The Economics of Virtual Currencies
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

2 Exhibit 10-1 The Dollar Value of Bitcoins: July 17, 2010 to June 17, 2013
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. South-Western/Cengage Learning. All rights reserved

3 Exhibit 10-2 Effects of Purchasing a Virtual Currency with U. S
Exhibit Effects of Purchasing a Virtual Currency with U.S. Dollars © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

4 Exhibit 10-3 Effects of Purchasing Virtual Real Estate from OC with VCU2
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

5 Exhibit 10-4 Effects of Purchasing Virtual Real Estate from BB with VCU2
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

6 Exhibit 10-5 Sales Of Virtual Items That Have Appreciated in Value: VCU3
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. South-Western/Cengage Learning. All rights reserved

7 Exhibit 10-6 Cashing Out the Gains from a Capital Gain in the Virtual World: VCU3
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

8 Exhibit 10-7 Effects of Borrowing: VCU3
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.

9 Exhibit 10-8 Effect of Spending a Virtual Loan on a Real-World Good: VCU4
© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.


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