Question
Consider the following statements regarding “Central
Bank Digital Currency (CBDC)”: I. Being a digital fiat currency, it cannot be transacted using wallets backed by blockchain. II. Nigeria has been the first economy to launch its nationwide CBDC. III. CBDCs are legal tenders issued and backed by a central bank. Which of the statements given above is/are correct?Solution
It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Statement I is not correct - The digital fiat currency or CBDC can be transacted using wallets backed by blockchain. Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar. Statement II is not correct - China became the world's first major economy to pilot a digital currency e-CNY in April 2020. Nigeria is another country to have rolled out eNaira in 2020. Statement III is correct - CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank.
Answer the questions based on the information given below.
A ÷ B means ‘A is the mother of B’
A × B means A is the husband of B
Answer the following question based on the direction given below.
If 'A#B' means 'A is father of B'
'A@B' means 'A is brother of B' ...
'A % B' means 'A is the father of B'.
'A @ B' means 'A is the spouse of B'.
'A $ B' means 'A is the mother-in-law of B'.
'A & B' me...
A + B means ‘A is the father of B’
A – B means ‘A is the mother of B’
A % B means ‘A is the brother of B’
A # B m...
A + B means ‘A is the mother of B’; A – B means ‘A is the husband of B’; A × B means ‘A is the son of B’; A ÷ B means ‘A is the daught...
If U&V$Y@W%Z is true then how is U related to Z?
If J & I @ H + G is true then, how is G related to J?
If the expression ‘S&R @ Q * P, S % T * U and V # U’ are true, then how is V’s only niece related to the person married to P?
'A@B' means 'A is the father of B'. 'A#B' means 'A is the sister of B'. 'A$B' means 'A is the brother of B'. 'A%B' means 'A is the wife of B'.
If...
If the expression ‘U & Z # Y * W & V’ is true, then how is Z’s son related to father in law of only sister in law of Y?
