Digital Currency

5 Questions | Attempts: 347

Digital Currency - Quiz


Questions and Answers
  • 1. 
    What are the benefits of using digital currency rather than physical currency?
    • A. 

      It is cheaper and faster

    • B. 

      It is faster and boundless

    • C. 

      It is cheaper and boundless

    • D. 

      It is safer and faster

  • 2. 
    Digital currency was first created in ____, Dot com bubble was one of the first E-gold founded in ____ and backed by gold.
    • A. 

      1900s, 2006

    • B. 

      1897, 1900s

    • C. 

      1900s, 1996

    • D. 

      1897, 1997

  • 3. 
    Liberty reserve was founded in 2005 and it allows users to convert physical currencies to Liberty Reserve Dollars or Euros, and exchange to and fro at a 1% fee. True or False?
    • A. 


    • B. 


  • 4. 
    Why were both Liberty Reserve Dollars and Dot com bubble shut down by the US government? You can choose more than one option.
    • A. 

      They were not controlled by the US authorities

    • B. 

      They were both centralised and controlled by central authorities

    • C. 

      They were allegedly making more money through illegitimate sources

    • D. 

      They were stealing people's money

  • 5. 
    In recent years, there has been interest in cryptocurrencies which led to the start of _____ that eventually became a widely used form of digital currency. Fill in the blank
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