Which of the following statements about Bit coin is/are correct 1. It is a decentralized virtual currency. 2. It is generated through complex computer software systems. 3. The Reserve Bank of India recognized it as a legal tender in January 2016. Select the correct answer using the code given below:?

1 only
1 and 2 only
2 and 3 only
1, 2 and 3

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : 1 and 2 only

Bit coin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator.
It is generated through complex computer software systems.
Reserve Bank of India does not recognize it as a legal tender.

4 views Answered 2022-09-04 04:29

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