Question

Which of the following Digital currencies are correctly matched with the country?

Digital Currency	Country
A. Sand Dollar	Bahamas
B. e-CNY	Nigeria
C. SOV	Marshall Islands
D. eNaira	China

Answer Options:

1. A, B and D
2. A and C
3. B, C and D
4. C and D

Answer 1

Correct Answer: A and C

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Explanation:

1. Sand Dollar - Bahamas:

   • Correct: The Sand Dollar is the Bahamas' central bank digital currency (CBDC) and was one of the first CBDCs to be launched globally.

2. e-CNY - Nigeria:

   • Incorrect: The e-CNY (Digital Yuan) is China's central bank digital currency (CBDC), not Nigeria's. Nigeria's CBDC is the eNaira.

3. SOV - Marshall Islands:

   • Correct: The Sovereign (SOV) is the proposed digital currency of the Marshall Islands.

4. eNaira - China:

   • Incorrect: The eNaira is Nigeria's CBDC, not China's. China’s digital currency is the e-CNY (Digital Yuan).

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Conclusion:

Only Sand Dollar - Bahamas and SOV - Marshall Islands are correctly matched.
Thus, the correct answer is A and C.