Economics · Banking and Financial Institutions
Given below are two statements: Statement I: Non-fungible tokens (NFTs) are unique digital assets and cannot be split into smaller identical parts in the same manner as fungible currencies. Statement II: Non-fungible tokens can be replicated at convenience to create identical digital assets. In the light of the above Statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect but Statement II is correct
- 2Statement I is correct but Statement II is incorrect✓
- 3Both Statement I and Statement II are incorrect
- 4Both Statement I and Statement II are correct
Correct answer
Statement I is correct but Statement II is incorrect
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