DW news digital euro

What is the European Central Bank formally beginning a project to create?

• Digital pound

• Digital yen

• Digital euro

• Digital dollar

What is the main reason for the European Central Bank to create a digital euro?

• To replace physical euros with digital ones

• To react to the popularity of cryptocurrencies and online payments

• To reduce inflation rates

• To compete with traditional banks

Which of the following platforms or apps is mentioned as a comparison for the design of a digital euro?

• Zelle

• Cash App

• Venmo

• PayPal

What boosted online shopping and digital currency investments according to the text?

• Pandemic

• Economic recession

• Government stimulus packages

• Stock market volatility

Which country is researching its own central bank digital currency named 'Britcoin'?

• Germany

• France

• United Kingdom

• Italy

What are the three main characteristics promised by the European Central Bank for the future digital euro?

• Slow, complicated, expensive

• Fast, easy, secure

• Inefficient, risky, free

• Limited, unreliable, costly

What is the earliest possible year mentioned for the rollout of the euro coin?

• 2028

• 2026

• 2024

• 2022

What is the main difference between Bitcoin and the expected digital euro according to the text?

• Bitcoin is slow, digital euro is fast

• Bitcoin is regulated, digital euro is unregulated

• Bitcoin is anonymous, digital euro is relatively centralized

• Bitcoin is centralized, digital euro is decentralized

What is the expected duration of the design phase for the digital euro?

• 3 years

• 4 years

• 2 years

• 1 year

What is the purpose of the test phase for the digital euro?

• To launch the currency

• To gather feedback from stakeholders

• To conduct security audits

• To finalize the design