Question 1

Cryptocurrencies are an example of:

Accepted Answer

A)   Money
B)   A derivative security
C)   A bond
D)   An assetE) None of the above
F) B) and C) D

Question 2

Which of the following is not an example of a real world cryptocurrency?

Accepted Answer

A)   Litecoin
B)   PC Coin
C)   Coinye
D)   RippleE) A) and B)
F) B) and D)

Question 3

Which of these is not a characteristic of blockchain technology?

Accepted Answer

A)   Linked computers
B)   Easily accessible by all
C)   Enhanced security
D)   Decentralized technologyE) A) and C)
F) A) and B)

Question 4

Crpytocurrencies are based on:

Accepted Answer

A)   Market demand for money
B)   The monetary base
C)   Computer algorithms
D)   Central bank actionsE) A) and B)
F) None of the above

Question 5

Which function of money do cryptocurrencies do least well in attaining?

Accepted Answer

A)   Medium of exchange
B)   Store of value
C)   Unit of account
D)   DurabilityE) C) and D)
F) B) and D)

Question 6

Cryptocurrencies are often used for:

Accepted Answer

A)   Transfering wealth between family members
B)   Paying taxes to the government
C)   Tax evasion
D)   Paying for groceriesE) C) and D)
F) A) and B)

Question 7

Since cryptocurrencies require intense computing power, it benefits from:

Accepted Answer

A)   Areas with cheap electricity
B)   Countries with high levels of regulation
C)   Economies that are agricultural-based
D)   Nations that are reliant on exportsE) A) and B)
F) A) and C) A

Question 8

As of 2021, cryptocurrencies are:

Accepted Answer

A)   Produced by central banks
B)   Produced by governments
C)   Produced by private entities
D)   Produced by commerical banksE) B) and C)
F) C) and D) C

Question 9

The future of cryptocurrencies in our economy:

Accepted Answer

A)   Is being ignored by governments
B)   Is actively being researched and investigated by central banks
C)   Is being ignored by academic economists
D)   Is fully understoodE) None of the above
F) All of the above

Exam 12: Cryptocurrencies

Cryptocurrencies are an example of:

Correct Answer
verified
D

Which of the following is not an example of a real world cryptocurrency?

Correct Answer
verified

Which of these is not a characteristic of blockchain technology?

Correct Answer
verified

Crpytocurrencies are based on:

Correct Answer
verified

Which function of money do cryptocurrencies do least well in attaining?

Correct Answer
verified

Cryptocurrencies are often used for:

Correct Answer
verified

Since cryptocurrencies require intense computing power, it benefits from:

Correct Answer
verified
A

As of 2021, cryptocurrencies are:

Correct Answer
verified
C

The future of cryptocurrencies in our economy:

Correct Answer
verified

Exam 12: Cryptocurrencies

Cryptocurrencies are an example of:

Correct AnswerverifiedD

Which of the following is not an example of a real world cryptocurrency?

Correct AnswerverifiedShow Answer

Which of these is not a characteristic of blockchain technology?

Correct AnswerverifiedShow Answer

Crpytocurrencies are based on:

Correct AnswerverifiedShow Answer

Which function of money do cryptocurrencies do least well in attaining?

Correct AnswerverifiedShow Answer

Cryptocurrencies are often used for:

Correct AnswerverifiedShow Answer

Since cryptocurrencies require intense computing power, it benefits from:

Correct AnswerverifiedA

As of 2021, cryptocurrencies are:

Correct AnswerverifiedC

The future of cryptocurrencies in our economy:

Correct AnswerverifiedShow Answer

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified
C

Correct Answer
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