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technology medium Fill in the Blank

The CBDC architecture that combines centralized control with distributed validation is called ________ Ledger.

Permissioned Distributed / Hybrid
Rectifier
Uncertainty / Observer
Smart / Responsive

Answer: Permissioned Distributed / Hybrid

Hybrid ledger: central bank controls issuance/monetary policy, distributed nodes validate transactions. Balances sovereignty, resilience, and performance for national digital currency systems.

Topic CBDC

Exam Relevance Banking, UPSC, SSC

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