Digital yuan to bring benefits

Which of the following is not a listed benefit of the digital yuan?

Bringing the unbanked into the mainstream economy

Helping fight financial crime

Encouraging more spending

Tracking money flows better

Which of the following payment benefits will the digital yuan not provide?

Payments will be more secretive

Payments will be more efficient

Payments will be more timely

Payments will be nearly costless

Why might the yuan become more influential if it is a digital currency too?

Because it will be better able to compete with the dollar

Because it will be under central bank control

Because people will spend more and the economy will boom

Because all major economies are issuing digital currencies

Which of the following does the renminbi not need to be used as a reserve currency?

To exist in a sophisticated and liquid market

The support of well-developed financial markets

To be pegged to the dollar

To be fully convertible

Why might digital renminbi help small and medium-sized enterprises?

It will improve access to finance because banks could have better knowledge of how companies use loans

It will improve speed of payment

It will encourage foreign direct investment

It will improve cross-border payments

How much of China's GDP was accounted for by the digital economy in 2020?

25 percent

Half

50 percent

30 percent

Which of the following cities was not involved in the digital currency pilot?

Shenzhen

Beijing

Suzhou

Chengdu

Which major event may act as a test case for the use of digital yuan by foreigners?

The Winter Olympics

The Olympics

The G20 meeting

The World Cup

Why might foreign entities avoid using the digital yuan?

Because it is in its infancy

Because blockchain will allow authorities to more closely monitor transactions

Because it is highly risky

Because digital currencies are inherently less trustworthy

Which of the following is not a challenge of rolling out the digital yuan?

The need for more progress in developing China's financial markets

Keeping up with the technology of private competitors

Lack of funding for digital currency pilots

The extent to which foreign entities will be willing to use it

Digital yuan to bring benefits

Which of the following is not a listed benefit of the digital yuan?

Which of the following payment benefits will the digital yuan not provide?

Why might the yuan become more influential if it is a digital currency too?

Which of the following does the renminbi not need to be used as a reserve currency?

Why might digital renminbi help small and medium-sized enterprises?

How much of China's GDP was accounted for by the digital economy in 2020?

Which of the following cities was not involved in the digital currency pilot?

Which major event may act as a test case for the use of digital yuan by foreigners?

Why might foreign entities avoid using the digital yuan?

Which of the following is not a challenge of rolling out the digital yuan?

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