WorksheetsQuiz: Central Bank Digital Innovation
Total questions: 10
Worksheet time: 5mins
Which of the following is NOT listed as a benefit of Cambodia’s digital payment services?
Improved tax collection
Increased use of local currency
Limited internet access in rural areas
Facilitated government cash assistance during COVID-19
The Bakong Project primarily aims to:
Create a cryptocurrency independent of the central bank
Connect e-wallets and bank accounts for cost-effective services
Provide internet access in rural areas
Replace commercial banks entirely
Which system provides real-time fund transfers between institutions in Cambodia?
National Clearing System (NCS)
Cambodian Shared Switch (CSS)
FAST System
KHQR System
The KHQR system allows:
Free cross-bank transactions between participating banks
QR code payments restricted to a single bank
Paperless menus only in restaurants
Only domestic payments with no regional capability
The National Bank of Cambodia Platform (NBCP) is designed to:
Print and distribute physical currency notes
Enable trading of central bank financial instruments online in real time
Provide retail loans directly to customers
Replace KHQR for QR code payments
A Central Bank Digital Currency (CBDC) is best defined as:
A cryptocurrency governed by a distributed community
A digital liability of the central bank, denominated in national currency
Electronic cash issued by commercial banks
A private company’s stablecoin
The wholesale CBDC model is intended mainly for:
Everyday consumer transactions
Retail merchants and restaurants
Large-value interbank settlements and securities transactions
Cryptocurrency exchanges
Which country’s e-krona project is highlighted as a leading example of general-purpose CBDC development?
China
Sweden
Nigeria
The Bahamas
One key advantage of CBDCs for monetary policy is:
Reduced need for central bank oversight
Real-time economic data for more precise policy implementation
Guaranteed anonymity for all transactions
Elimination of all commercial banks
In designing a token-based CBDC, one major risk is:
Difficulty in complying with KYC/AML regulations
Loss of access due to lost private keys
Need for users to maintain bank accounts
Central bank inability to issue currency
