VOICED : El gobierno venezolano reestructura su criptomoneda el petro

VOICED : El gobierno venezolano reestructura su criptomoneda el petro

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

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Quizizz Content

FREE Resource

The Venezuelan government announced a restructuring of its cryptocurrency, the petro, to evade U.S. financial sanctions. President Nicolás Maduro introduced a new roadmap, establishing a dedicated blockchain for the petro. The cryptocurrency will now be backed not only by the Orinoco oil belt but also by gold, diamonds, iron, and aluminum. Maduro stated that the petro will be exchangeable with other cryptocurrencies and currencies. Despite claims of significant purchase offers, actual transactions on the NEM platform were minimal. Venezuela faces economic challenges, including a drastic drop in oil production and substantial external debt.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason for the Venezuelan government's restructuring of the petro?

To increase its value

To evade U.S. financial sanctions

To attract more investors

To improve technological infrastructure

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What new elements will back the petro, in addition to the Orinoco oil belt?

Natural gas and coal

Uranium and platinum

Gold, diamonds, iron, and aluminum

Silver and copper

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Maduro claim about the petro's exchangeability?

It can only be exchanged within Venezuela

It can only be exchanged for U.S. dollars

It is not exchangeable for any other currency

It can be exchanged for other cryptocurrencies and currencies

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did Maduro announce in offers to buy petros?

$1 billion

$2 billion

$5 billion

$10 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic challenges is Venezuela facing that are mentioned in the transcript?

High inflation and unemployment

A housing crisis and food shortages

A banking collapse and currency devaluation

A drop in oil production and large external debt