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Test Your Knowledge

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What is CBDC (Central Bank Digital Money)?

Question 1:


What does CBDC stand for?

A. Centralized Bank Digital Currency


B. Central Bank Digital Currency


C. Cryptocurrency-Based Digital Currency

Question 2:


What is one of the advantages of CBDCs?

A. They increase the volatility of national currencies.


B. They provide privacy for users and control over personal data.


C. They eliminate the need for financial inclusion.

Question 3:


What is a disadvantage of CBDCs?

A. They ensure complete privacy and anonymity in transactions.


B. They reduce financial inclusion for people without bank accounts.


C. They increase the risk of cyberattacks and data breaches.

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