Question
Consider the following statements regarding “Central
Bank Digital Currency (CBDC)”: I. Being a digital fiat currency, it cannot be transacted using wallets backed by blockchain. II. Nigeria has been the first economy to launch its nationwide CBDC. III. CBDCs are legal tenders issued and backed by a central bank. Which of the statements given above is/are correct?Solution
It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Statement I is not correct - The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar. Statement II is not correct - China became the world's first major economy to pilot a digital currency e-CNY in April 2020. Nigeria is another country to have rolled out eNaira in 2020. Statement III is correct - CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank.
Statements:
No book is a pencil.
All books are boards.
All boards are dusters.
No eraser is a duster.
...
Statements:All circles are rectangles.
No rectangle is a square.
Conclusions:I. No square is a rectangle.
II. Some rectangles are...
Statements : Some eggs are chickens.
No chicken is a hen.
No hen is a pigeon.
Conclusions : I. Some eggs may be hens.
II....
Statements :
All sparrows are parrots.
No parrot is bird.
All birds are peacocks.
Conclusions:
I. Some birds are ...
Statements: Some cars are scooters.
All scooters are bikes.
Conclusions: I. some cars are bikes.
II. Some...
Statements:Some students are Rich.
No Rich is a teacher.
Conclusions:I. Some teacher are not Rich.
II. Some Rich are students.
Statements: All flowers are books.
All books are carpets.
Some carpets are keys.
Some keys are locks.
Conclusions:I. Some ke...
Statement:
At-least some chairs are tables.
A few tables are fans.
Only a few windows are tables.
All tables are doors.
Statement:
Some jeans are not shirt.
All shirts are pant.
Some pants are not blazers.
Conclusion:
I. Some blaze...
Statements:
Only a few passage is comprehension
A few comprehension is language
All language is story
Conclusions: ...
