Question : In the following sentence, four words are given in bold, out of which one word is misspelled. Find the misspelled word.
Under MiCA, stablecoin issuers(A) must maintain(B) reserves to cover all claims of the coins and should implement(C) a process for immediete(D) redemption if and when holders seek one.
Option 1: A
Option 2: B
Option 3: C
Option 4: D
Correct Answer: D
Solution :
Option D is the right answer.
Let us look at the possibilities:
- 'Issuers' are people or businesses who supply or distribute something.
- 'Maintain' is to produce or permit the continuation of a state or situation.
- 'Implement' is to put a decision, plan, or agreement into action.
- 'Immediete': There is no such term in English, or there is a spelling error in this word.
- The right spelling is 'immediate,' which means occurring or completed without delay.
As a result, option 4 is the correct answer.
Correct Sentence: Under MiCA, stablecoin issuers must maintain reserves to cover all claims of the coins, and should implement a process for immediate redemption if and when holders seek one.