What is Digital Currency?

The video tutorial discusses the game 'City Limits' where players navigate obstacles and collect items. To continue playing, players need 'City Bucks', a form of digital currency. The concept of digital currency is explained, comparing it to traditional currency used during travel. Digital currencies like Bitcoin are not controlled by banks and are used online for purchases or investments. Their value depends on popularity, and they can be bought or sold on exchanges, though this involves risks. The tutorial highlights the importance of understanding digital currency before investing.

What is the primary purpose of city bucks in the game 'City Limits'?

• To buy real estate in the game

• To purchase physical merchandise

• To unlock new levels and features

• To customize the game's background

How is digital currency different from traditional currency?

• It is not controlled by any government

• It is controlled by banks

• It is available in physical form

• It is used only in physical stores

What is a common reason people invest in digital currencies?

• To buy groceries

• To purchase airline tickets

• To pay taxes

• To save and potentially earn more money

What happens to the value of a digital currency if it becomes less popular?

• It becomes illegal

• Its value decreases

• Its value remains the same

• Its value increases

What is a risk associated with buying digital currency?

• Its value might drop, leading to a loss

• It can be easily converted to cash

• It is insured by the government

• It can be used to pay utility bills