MC24. How can CBDC be used for cross-border transactions?
A. CBDC can be used to settle international payments instantly and securely
B. CBDC can only be used for domestic transactions
C. CBDC cannot be used for transactions outside of a specific country
D. CBDC can only be used by large financial institutions
Answer:A
MC24. How can CBDC be used for cross-border transactions?
A. CBDC can be used to settle international payments instantly and securely B. CBDC can only be used for domestic transactions C. CBDC cannot be used for transactions outside of a specific country D. CBDC can only be used by large financial institutions
Explanation: CBDC can be used for cross-border transactions, which can be settled instantly and securely, eliminating the need for intermediaries and reducing costs.