China Is Leading the Way on CBDCs, Fanusie Says
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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is leading the way in the development and testing of CBDCs?
China
United States
Japan
United Kingdom
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the key features being tested in China's CBDC pilots?
Traditional banking methods
Increased interest rates
Smart contracts and programmability
Physical currency exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major concern regarding the global shift towards new digital financial infrastructures?
Increased reliance on traditional banking
Rise of physical currency usage
Loss of US influence in setting financial standards
Decreased global trade
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential impact on US sanctions if new financial rails are established?
Reduced potency of US sanctions
No impact on US sanctions
Increased reliance on US financial systems
Strengthened US sanctions power
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk if the US is not involved in setting new financial standards?
Increased global influence
Loss of economic statecraft
Strengthened traditional banking
Rise of the US dollar
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