Regarding Central Bank Digital Currency (CBDC), take into consideration the following statement:
1) It offers the possibility of more affordable, quicker, and transparent cross-border payments.
2) The Bahamas is the first economy to introduce the Sand Dollar, a national CBDC, in 2020.
3) India is the third nation to introduce a national CBDC.
4) With CBDC, there is no longer any third-party risk connected to occurrences like bank run-ons or failures.
Which of the above statement is/are correct?
1
Only 1 and 3
2
Only 2 and 3
3
Only 1, 3 and 4
4
Only 1, 2 and 4