An account based CBDC requires:Group of answer choicesverifying that the payer has authority to use the account.verifying that the tokens are legitimate.verifying that that the bank account has sufficient funds.verifying that the payee has authority to use the account.

The following type of CBCD requires the verification of the payment object:Group of answer choicesAll available answersAn account based CBDCA payment based CBDCA token based CBDC

Potential benefits of CBDC may include:Group of answer choiceslower cost of issuance than paper moneyincrease transaction speedmore accessible than traditional banksmakes money cheaper

According to one definition of CBDC, it provides:Group of answer choiceslower functionality.greater access to money.an interest on savings.all available answers.

CBDC may have the following features:Group of answer choicesissued by the central bankcan be wholesale or retailAll available answerscan be transferred peer to peer or through an intermediar

Unlike fiat currency, CBDC transactions are likely to be:Select one:a. Subject to higher transaction feesb. More prone to counterfeitingc. Easier to physically transport across bordersd. Recorded on a private or permissioned blockchain ledger