Central Bank Digital Currencies (CBDC) Refers to a New Form

question 53

True/False

Central bank digital currencies (CBDC) refers to a new form of digital central bank money that is distinguishable from reserves or settlement balances traditionally held by commercial banks at central banks.

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Definitions:

Expert Thinking

Advanced mental processes employed by individuals with extensive knowledge or skill in a particular domain, enabling them to solve problems, make decisions, and understand complex information efficiently.

Intuitive

Relating to knowing or understanding something instinctively, without the need for conscious reasoning.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often involving planning and resource allocation.

K.Warner Schaie

A psychologist known for his work on the development of human intelligence and cognitive changes across the lifespan.