_______ becomes the first country to formally accepted cryptocurrency as legal money?
Correct answer: C. El Salvador
- A. Guatemala
- B. China
- C. El Salvador
- D. Denmark
Explanation
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021 through its Bitcoin Law. Guatemala, China and Denmark did not grant cryptocurrency this legal status.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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