Economics · Banking & Central Bank Digital Currency
Consider the following statements with reference to Central Bank Digital Currencies (CBDCs): I. A CBDC is a sovereign currency issued by the central bank in digital form. II. CBDCs were conceived exclusively for transactions involving crypto-assets. III. The introduction of a CBDC can potentially enhance the central bank's role in the payment ecosystem and strengthen oversight over formal digital transactions. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and II only
- 3II and III only
- 4I and III only✓
Correct answer
I and III only
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