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With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.

Solutions for With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.2. It differs from fiat currency but is exchangeable one-to-one with it.3.El Salvador made history in 2020 by becoming the first economy to introduce its nationwide CBDC, known as the Sand Dollar.How many of the above given statements are correct?a)Only oneb)Only twoc)Only threed)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.