MML201- 2
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1st - 8th Grade
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Centralized finance is:
Traditional system
Modern system
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Centralized finance is controlled by a single authority like a bank or government agency.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Centralized banks can be unreliable.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In centralized finance, a customer can even be charged fees for customer support services.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
With centralized banks, transactions can take a long time.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Skilled hackers and engineers can hack web portals and mobile banking apps.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
In centralized finance, people can end up losing money from their accounts.
True
False
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