MC30. What is the difference between retail CBDCs and wholesale CBDCs?
A. Retail CBDCs are designed for use by individuals, while wholesale CBDCs are designed for use by banks.
B. Retail CBDCs are decentralized, while wholesale CBDCs are centralized.
C. Retail CBDCs are backed by a basket of currencies, while wholesale CBDCs are backed by a single currency.
D. Retail CBDCs have a variable supply, while wholesale CBDCs have a fixed supply.
Answer:A
MC30. What is the difference between retail CBDCs and wholesale CBDCs?
A. Retail CBDCs are designed for use by individuals, while wholesale CBDCs are designed for use by banks. B. Retail CBDCs are decentralized, while wholesale CBDCs are centralized. C. Retail CBDCs are backed by a basket of currencies, while wholesale CBDCs are backed by a single currency. D. Retail CBDCs have a variable supply, while wholesale CBDCs have a fixed supply.
Explanation: Retail CBDCs are designed for use by individuals and can be used for everyday transactions, while wholesale CBDCs are designed for use by banks and financial institutions for interbank settlements and other wholesale transactions.