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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.
A competitive exam paper has 100 questions for which 1 mark will be awarded for each correct answer and 1/2 mark will be deducted for every wrong answe...
Find the LCM of pair of the following polynomials x4 – 27a3 x, (x-3a)², whose GCD is (x-3a)
Find the missing number
2, 4, 12, 48, 240, .....
A can do a piece of work in 8 days and B can do the same piece of work in 12 days. A and B together complete the same piece of work and get ?200 as the...
The curved surface area of a right circular cone of height 15 cm and base diameter 16 cm is
If a/b = 3/5, b/c = 4/7 then a:b:c is
Rs 450 is to be divided into three parts such that four times the first part may be equal to three times the second and six times the third. Then the sh...
The breadth of a rectangular field is 60% of its length. If the perimeter of the field is 800 m, what is the area of the field?
Find the difference between Simple Interest and Compound Interest for a sum of ₹ 8,000 lent at 10% per annum in 2 years.
A can do a piece of work in 20 days and B can do it in 30 days. How long will they take to do the work together?