Answered: Which statement is true of digital…

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Accounting

Which statement is true of digital legal tender?

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter11: Managing Transaction Exposure

Section: Chapter Questions

Problem 18QA

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Types of Money Market Instruments

Question

Which statement is true of digital legal tender?

a.Digital legal tender replaces physical notes and coin.

b.Digital legal tender issued into the economy will not save on costs associated with printing physical notes.

c.Distributed ledger technology can enable the central banks to issue a secure, transparent and efficient digital legal tender.

d.Digital legal tender is worth more than physical notes

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