MC28. What is the difference between CBDCs and cryptocurrencies?
A. CBDCs are backed by the central bank, while cryptocurrencies are not.
B. CBDCs are decentralized, while cryptocurrencies are centralized.
C. CBDCs are anonymous, while cryptocurrencies are not.
D. CBDCs have a fixed supply, while cryptocurrencies do not.
Answer:A
MC28. What is the difference between CBDCs and cryptocurrencies?
A. CBDCs are backed by the central bank, while cryptocurrencies are not. B. CBDCs are decentralized, while cryptocurrencies are centralized. C. CBDCs are anonymous, while cryptocurrencies are not. D. CBDCs have a fixed supply, while cryptocurrencies do not.
Explanation: CBDCs are issued and backed by the central bank, while cryptocurrencies are not issued or backed by any central authority.