Economics · Banking and Finance
Consider the following statements regarding Central Bank Digital Currencies (CBDCs): I. A CBDC is a sovereign digital currency backed by the central bank and recognized as legal tender. II. All CBDC transactions must occur online because the architecture of CBDCs cannot support offline payments. III. CBDCs necessarily operate on a public, permissionless blockchain similar to that used by cryptocurrencies like Bitcoin. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Correct answer
Only one
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