Prelims 8975

Which of the following statements is/are correct about Sovereign and Petro digital currencies ?
1. Sovereign is a digital currency of Marshall Island whereas Petro is a cryptocurrency of VenezuelA.
2. Unlike Sovereign, Petro will be recognized in law as a legal tender.
Choose the correct answer from the following codes:
A.
1 Only
B.
2 Only
C.
Both 1 and 2
D.
None of the above
Explanation :
Sovereign is a digital currency of Marshall Island whereas Petro is a cryptocurrency of VenezuelA.
Venezuela had launched the Petro cryptocurrency in February.
Unlike the Petro, the Sovereign (SOV) will be recognized in law as legal tender, holding equal status as the US dollar, which is the Pacific island nation’s current currency.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s