DCEP must be linked to a bank account.

Question

BlackTom AI · Accepted Answer

The statement presented is: 'DCEP must be linked to a bank account.'

To analyze, start by clarifying what DCEP refers to. DCEP is a central bank digital currency that can be stored in digital wallets and used for transactions.

Option analysis:
- The claim that DCEP must be linked to a bank account would imply that every DCEP wallet or transaction requires a funding source or maintenance through a traditional bank account. This is a restrictive requirement and does not reflect typical digital currency designs where wallets can hold central bank money itself and may be funded in various ways, including direct issuance by the central bank and transfers from banks, but not strictly dependent on every user having a bank account. 
- It is plausible for some deployment models to allow wallets that are not directly tied to a bank account, especially to enable inclusive access or to operate with centralized issuance and on-network settlement. Therefore, mandating a bank account link would unnecessarily limit accessibility and contradict common digital currency architectures where custody can be handled via wallets without always requiring a bank account.

Given these considerations, the statement is not universally true. If a model requires every DCEP user to have a bank account, that would be a specific design choice, but not an intrinsic or universal requirement of DCEP itself.

In summary, the claim that DCEP must be linked to a bank account is not an essential or universally mandated feature, and the existence of wallet-based or non-bank-linked usage scenarios contradicts the absolute necessity implied by the statement.

DCEP must be linked to a bank account.True/False

Similar Questions

Question26 A CBDC issued by the RBA would most directly impact: Select one alternative: A) Commercial bank reserve management and payments systems B) Corporate bond market liquidity C) FX market volatility D) Retail share trading volumes ResetMaximum marks: 1 Flag question undefined

What are CBDCs?

China's most outspoken authority on the rollout of the DCEP is:

If I have scheduled a holiday or employment during the University exam period which coincides with the date of the final exam, then

When is the final exam?

If I sit for the final exam, but feel like I could have done better, then

What pieces of assessment are due after Week 10?

True or False? Although I will attempt to submit online assessments early, if I experience a technical issue with the submission of online assessments that prevents me from submitting an assignment, I should follow the UNSW special consideration guidelines.

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler