Cryptocurrency quiz

Cryptocurrency quiz

University

10 Qs

quiz-placeholder

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Cryptocurrency quiz

Cryptocurrency quiz

Assessment

Quiz

Other

University

Medium

Created by

Ekaterina Bik

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) Which of the following statements best describes cryptocurrency?

a) A physical currency that can be used to buy goods and services

b) A digital currency that uses encryption techniques to secure and verify transactions

c) A type of stock that can be traded on the stock market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2) Which of the following is a key advantage of using cryptocurrency in international banking

transactions?

a) Lower transaction fees

b) Faster transaction processing times

c) Both A and B

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3) What is the role of blockchain technology in the use of cryptocurrency in international

banking?

a) It enables the transfer of cryptocurrency

b) It ensures the security and transparency of cryptocurrency transactions

c) Both A and B

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4) Which of the following is a key disadvantage of using cryptocurrency in international banking

transactions?

a) High volatility and unpredictable value

b) Lack of regulation and legal protection

c) Both A and B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5) What is the legal status of cryptocurrency in most countries?

a) Fully legal and regulated

b) Illegal and prohibited

c) Falls in a legal grey area in many countries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6) Which of the following is a key legal challenge involved in the use of cryptocurrency in

international banking?

a) Ensuring compliance with anti-money laundering and counter-terrorism financing laws

c) Both A and B

b) Protecting consumer rights and preventing fraud in cryptocurrency transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7) What is the role of international banking law in regulating the use of cryptocurrency in cross-

border transactions?

a) It provides a clear legal framework for the use of cryptocurrency

c) It is still being developed and debated by legal experts and policymakers

b) It prohibits the use of cryptocurrency in cross-border transactions

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