Finance Unbox-ED ($) - Grade 6-8 - Session 026 - Quiz 1

What does NFT stand for?

• Non-Finance Tokens
• Non-Fungible Tasks
• New-Fungible Tokens
• Non-Fungible Tokens

Select all the statements that are true

• NFTs represent digital assets
• NFTs can also represent physical assets such as expensive paintings
• NFTs could be several things online ranging from pictures to music to videos
• All of the above

Select the statement that is true

• NFTs are stored on blockchain
• Since NFTs are digital assets multiple people can own copies of the same NFT
• Both of the above
• None of the above

Select all the statements that are true

• NFTs are considered higher risk than debt investments
• NFTs are considered higher risk than real estate investments
• NFTs are considered higher risk than equity investments
• All of the above

Select all the statements that are true

• 'Bored Ape' was the first NFT ever sold
• 'Quantum' collection of NFTs have seen billions of dollars of sales
• NFT of Jack Dorsey's first tweet has become almost worthless
• All of the above