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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.
In relation to Accounting Standards, Which of the following statement is incorrect?
Which of the following is not a fixed asset?
Which of the following is the correct definition of hedge ratio?
Can micro and small enterprises (MSEs) benefit from GeM?
The term supply includes:
When a customer deposits a check into their bank account, what type of transaction is taking place?
Where to show Share application money received in excess of issued share capital?
Which section of the Companies Act 2013 deals with the provisions of Corporate Social Responsibility?
Which of the following statements are true or false?
Statement 1: Management of cash means management of cash inflow.
Statement 2: Cash ma...
The profit is 50% on sales. What is its percentage on cost?
