MC22. How is CBDC different from cryptocurrencies like Bitcoin?
A. CBDCs are not decentralized
B. CBDCs are not secure
C. CBDCs are not digital
D. CBDCs are not based on blockchain technology
Answer:A
MC22. How is CBDC different from cryptocurrencies like Bitcoin?
A. CBDCs are not decentralized B. CBDCs are not secure C. CBDCs are not digital D. CBDCs are not based on blockchain technology
Explanation: CBDCs are issued and backed by central banks, which means that they are centralized. Cryptocurrencies like Bitcoin, on the other hand, are decentralized and not backed by any central authority.