MC4. What is the main difference between a CBDC and a cryptocurrency?
A. CBDCs are decentralized, while cryptocurrencies are centralized
B. CBDCs are backed by a central bank, while cryptocurrencies are not
C. CBDCs use blockchain technology, while cryptocurrencies do not
D. CBDCs have a fixed supply, while cryptocurrencies do not
Answer:B
MC4. What is the main difference between a CBDC and a cryptocurrency?
A. CBDCs are decentralized, while cryptocurrencies are centralized B. CBDCs are backed by a central bank, while cryptocurrencies are not C. CBDCs use blockchain technology, while cryptocurrencies do not D. CBDCs have a fixed supply, while cryptocurrencies do not
Explanation: The main difference between CBDCs and cryptocurrencies is that CBDCs are issued and backed by a central bank, while cryptocurrencies are not issued or backed by any central authority.