MC10. What is the main difference between a token-based CBDC and an account-based CBDC?
A. Token-based CBDCs are more secure than account-based CBDCs
B. Token-based CBDCs are faster than account-based CBDCs
C. Token-based CBDCs are more anonymous than account-based CBDCs
D. Token-based CBDCs are offline-capable, while account-based CBDCs are not
Answer:C
MC10. What is the main difference between a token-based CBDC and an account-based CBDC?
A. Token-based CBDCs are more secure than account-based CBDCs B. Token-based CBDCs are faster than account-based CBDCs C. Token-based CBDCs are more anonymous than account-based CBDCs D. Token-based CBDCs are offline-capable, while account-based CBDCs are not
Explanation: Token-based CBDCs use a token or digital object to represent the value of the currency, which can be transferred anonymously between parties. Account-based CBDCs are linked to a user’s account and require identification to prevent illicit activities.