Which term refers to Central Bank Digital Currency?

The term Central Bank Digital Currency is commonly abbreviated as CBDC. This acronym stands for the entire phrase, making it easily recognizable within the financial and economic discussions surrounding digital currencies issued by central banks. CBDCs are designed to provide a digital representation of a country's fiat currency, utilizing blockchain technology or similar systems to allow for fast, secure, and efficient financial transactions.

The other options do not accurately reflect the term Central Bank Digital Currency. Having a clear understanding of terminology is essential in the context of digital finance, especially as many countries are exploring or implementing their own CBDCs. This knowledge helps professionals in the field engage in meaningful dialogue and understand the advancements in digital payment systems.