What are cryptocurrencies often referred to as?

Understanding Cryptocurrencies

Interactive Video
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Business, Social Studies
•
9th - 12th Grade
•
Hard

Jackson Turner
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Internet coins
Virtual money
Online assets
Digital currencies
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of cryptocurrencies that has sparked global discussions?
Their limited accessibility
Their unique characteristics
Their centralized nature
Their lack of security
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key advantage of cryptocurrencies?
Limited accessibility
Decentralized networks
High transaction fees
Centralized control
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do cryptocurrencies enhance transaction security?
By increasing transaction times
By limiting access to certain users
By being controlled by banks
By using advanced cryptographic techniques
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge associated with cryptocurrencies?
Low energy consumption
Stable pricing
Regulatory uncertainty
High consumer protection
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might cryptocurrency transactions be considered risky?
They are regulated by governments
They are always stable
They offer high consumer protection
They lack traditional consumer protections
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What environmental concern is associated with cryptocurrency mining?
Low energy usage
Sustainable practices
High carbon footprint
Minimal resource consumption
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