RMB is a digital version of
RMB is a digital version of
A. Indian currency
B. China’s currency
C. US currency
D. None of these
Explanation:
China recently launched the latest round of pilot trials of its new digital currency, with reported plans of a major roll-out by the end of the year and ahead of the Winter Olympics in Beijing in February 2022. Officially titled the Digital Currency Electronic Payment (DCEP), the digital RMB (or Renminbi, China’s currency) is, as its name suggests, a digital version of China’s currency.
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