Digital Currency
5 Questions
| Total Attempts: 73
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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.
True
- B.
False
- 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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