Q. Which of the following pair(s) is/are correctly matched?

Digital currency –Country
1.Krona—-Norway
2.Sand Dollar—–Bahamas
3.e-RMB——China
Select the correct answer from the codes given below:
Red Book
Red Book

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1,2 and 3

Answer: B
Notes:

According to the Bank for International Settlements, more than 60 countries are currently experimenting with the CBDC. There are few Countries that already rolled out their national digital currency. Such as,

  • Swedenis conducting real-world trials of their digital currency (krona)
  • The Bahamasalready issued their digital currency “Sand Dollar” to all citizens
  • Chinastarted a trial run of their digital currency e- RMB amid pandemic. They plan to implement pan-china in 2022. This is the first national digital currency operated by a major economy.

Source: Article

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