China’s digital currency is every dictator’s dream

Interactive Video
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Science, Information Technology (IT), Architecture, Business
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11th Grade - University
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between the DCEP and most cryptocurrencies?
DCEP transactions are anonymous while cryptocurrency transactions are traceable.
DCEP is centralized and managed by the government, unlike decentralized cryptocurrencies.
DCEP is managed by a private bank while cryptocurrencies are managed by governments.
DCEP is decentralized while cryptocurrencies are centralized.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the Chinese government plan to use the traceability feature of the digital yen?
To reduce the cost of digital payments.
To increase the speed of transactions.
To promote anonymous transactions.
To monitor and prevent financial crimes.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following activities can be simulated using DCEP?
Stock trading
Everyday banking activities like payments and withdrawals
Cryptocurrency mining
International money transfers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of payments in China were mobile-based in 2019?
Two out of every five payments
Three out of every five payments
One out of every five payments
Four out of every five payments
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which online payment services are mentioned as popular in China?
Google Pay and Apple Pay
Alipay and WeChat Pay
PayPal and Venmo
Zelle and Cash App
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