
AL IT in security
Authored by Anuja Jambhale
Education
12th Grade
Used 1+ times

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34 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is traditional currency made up of?
Digital records
Coins and banknotes
Cryptocurrencies
Stored-value cards
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who controls the amount of physical money in circulation?
Individual consumers
Central banks or financial institutions
Online payment systems
Private businesses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does digital currency refer to?
Physical coins and banknotes
Money recorded electronically
Money used only in online games
Coins with unique serial numbers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a characteristic of a centralised banking system?
Regulation of debit and credit card systems
Control of the money supply
Lack of central authority
Supervision of financial activities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a central bank digital currency (CBDC)?
A type of physical money
Digital currency regulated by a government
A virtual currency used in online games
A decentralized cryptocurrency
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a credit card transaction work?
Money is immediately deducted from the cardholder’s account
The cardholder is billed later by the issuing bank
The cardholder must pay in cash
Transactions are directly processed through cryptocurrency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What differentiates a debit card from a credit card?
Debit cards allow borrowing money
Credit cards require immediate payment
Debit cards directly deduct funds from the cardholder’s account
Credit cards use a unique serial number for each transaction
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