Money Kids: Cryptocurrency and NFTs

Money Kids: Cryptocurrency and NFTs

Assessment

Interactive Video

Other, Business

1st - 6th Grade

Hard

Created by

Wayground Content

FREE Resource

The video explores the world of cryptocurrencies and NFTs, discussing their rise, technology, and impact. It covers the pros and cons, including decentralization, anonymity, and environmental concerns. The video also delves into NFTs, their benefits for artists, and the challenges they face. It concludes with a reflection on the future of these technologies.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of cryptocurrencies that makes them secure?

They are stored in physical vaults.

They are backed by gold reserves.

They are regulated by central banks.

They use cryptography.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has adopted cryptocurrency as a national currency as of September 2021?

Germany

Australia

El Salvador

Japan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is credited with the creation of Bitcoin?

Mark Zuckerberg

Elon Musk

Satoshi Nakamoto

Vitalik Buterin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary technology that underpins cryptocurrencies?

Artificial Intelligence

Blockchain

Quantum computing

Cloud computing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one advantage of using cryptocurrencies?

They require no electricity to operate.

They offer user anonymity.

They are controlled by a single government.

They are always stable in value.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major environmental concern associated with cryptocurrencies?

They pollute water sources.

They cause deforestation.

They require a lot of electricity for mining.

They produce toxic waste.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does NFT stand for?

Non-Financial Trade

Nonfungible Token

New Financial Technology

Networked Financial Transaction

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