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Basic Question 3 of 3
Which statement is false regarding stabelcoins?
A. Stablecoins are usually pegged to a fiat currency like the US dollar (USD), euro (EUR), or a commodity like gold. They can be exchanged for fiat money.
B. Stablecoins can be used as a medium of exchange, a store of value, or a unit of account, similar to traditional fiat currencies.
C. Stablecoins can be either centralized or decentralized.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain investment features of digital assets and contrast them with other asset classes
CFA® 2024 Level I Curriculum, Volume 5, Module 7.