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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.
When the CEO announced the layoffs, it was like a bolt from the blue for the employees.
running around like a headless chicken
Hear it on the grapevine
In the following questions, four alternatives are given for the idioms/phrases. Choose the one which best expresses the meaning of the given idiom/phra...
Select the most appropriate meaning of the following idiom.
To be all at sea
Do a roaring trade
Select the most appropriate meaning of the given idiom.
The whole nine yards
Choose the correct option showing the meaning of the Idiom highlighted in the given sentence
The politician's speech was full of hot air. <...
Downhill sports can easily cost you an apple of your eye without even seeing a mountain.
In each question below, a sentence is given with an idiom/phrase printed in bold type. That part may contain a grammatical error. Each sentence is follo...