What is CBDC? The Future of Central Bank Digital Currencies

Test Your Knowledge

1. What is the primary advantage of CBDCs over cryptocurrencies like Bitcoin?

A) Higher volatility

B) Tied to the national currency for stability

C) Complete anonymity in transactions

D) Lack of government regulation

2. Which of the following is a disadvantage of CBDCs?

A) Improved financial inclusion

B) Increased anonymity in transactions

C) Cybersecurity risks due to centralization

D) Low risk of data breaches

3. Which country was one of the first to launch a CBDC?

A) United States

B) Nigeria

C) Japan

D) Germany