Question
Consider the following statements with respect to the
Central Bank of Digital Currency (CBDC)- I.CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency. II.CBDCs are divided into two types: retail and wholesale CBDCs. III.Wholsale CBDCs are available to the general public while Retail CBDCs are only available to financial institutions and interbank settlements. Which of the following statements is/are NOT TRUE ?Solution
CBDC in simple terms is known as a digital banknote and holds the same value as India's paper currency.CBDCs are divided into two types: retail and wholesale CBDCs.Retail CBDCs are available to the general public.Wholesale CBDCs, which are only available to financial institutions and interbank settlements.
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