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Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast


Jul 7, 2023

What does a central bank do? What’s the difference between a central bank, a reserve bank and a monetary authority? Why are some people against having a federal reserve? What is a CBDC, a central bank digital currency? How is it different to crypto currencies?

... we explain like I'm five

Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: reingding13, yellowjacketcoder, ronquistador, rdavidson24, sakiliya, wrsaunders, litecow and cross_keynesian

To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:

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