Unlike fiat currency, CBDC transactions are likely to be:Select one:a. More prone to counterfeitingb. Subject to higher transaction feesc. Easier to physically transport across bordersd. Recorded on a private or permissioned blockchain ledger
Question
Unlike fiat currency, CBDC transactions are likely to be:Select one:a. More prone to counterfeitingb. Subject to higher transaction feesc. Easier to physically transport across bordersd. Recorded on a private or permissioned blockchain ledger
Solution
The correct answer is:
d. Recorded on a private or permissioned blockchain ledger
This is because Central Bank Digital Currencies (CBDCs) are a type of digital currency that uses a blockchain ledger for recording transactions. This ledger is typically private or permissioned, meaning only certain entities have the authority to validate transactions. This makes CBDC transactions more secure and less prone to counterfeiting. It also allows for lower transaction fees compared to traditional banking systems. Lastly, since CBDCs are digital, they do not need to be physically transported across borders like fiat currency.
Similar Questions
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