Finance Unbox-ED (INR) - Grade 6-8 - Session 025 - Quiz 2

Select all the advantages of cryptocurrencies

• Decentralized: Provide more autonomy on how and where they are used

• Secure: Recorded on blockchain and hence cannot be edited by anyone

• Transparent: Everyone can see who owns how much without revealing real identities

• All of the above

Select all the advantages of cryptocurrencies

• Lower Transaction Cost: Since no banks involved

• Anonymity: Real identities of people are not revealed

• Acceptance: High acceptance for payments

• All of the above

Select all the disadvantages of cryptocurrencies

• No Regulation: Since no central authority regulates it there is a risk of scams

• Price Volatility: Prices have seen high volatility and hence are considered high risk

• Cross Border Transactions: Charge a high amount for cross border transactions

• Criminal Activities: Since real identities are not revealed could be used for criminal activities

Select all the statements that are true

• Cryptocurrencies are considered higher risk than debt investments

• Cryptocurrencies are considered higher risk than real estate investments

• Cryptocurrencies are considered lower risk than equity investments

• All of the above

Select all the famous personalities who are not supporters for cryptocurrencies

• Elon Musk

• Bill Gates

• Warren Buffet

• Mark Cuban