Bitcoin & Blockchain

What is the meaning of "Crypto"?

• Something that is hidden or concealed.

• A type of grave where someone is buried.

• Software

• Hardware

What is a bitcoin?

• Programming Language

• England's Currency

• A Digital Currency

• None of the Above

As of February 12, 2020 a bitcoin is worth?

• 10,400 USD

• 323,000 THB

• 9,500 EURO

• All of the Above

What is the definition of a cryptocurrency?

• Paper Money

• A Digital Asset

• Coins

• None of the Above

What happens to your money during a period of "inflation"?

• A unit of currency buys more than it did in prior periods

• A unit of currency buys less than it did in prior periods

What happens to your money during a period of "deflation"?

• Deflation increases the value of currency over time.

• Deflation decreases the value of currency over time.

Which are true about currency?

• Thai Baht is the "currency" in Thailand.

• Currency can be exchanged between countries.

• System of money in general use in a particular country.

• None of the Above

What is the definition of "FIAT"?

• Bitcoins

• Cyrptocurrency

• Government-issued currency, such as the US dollar.

• None of the Above

The "blockchain" is data that copied across thousands and thousands of computers worldwide

• True

• False

How are "bitcoins" produced?

• Governments supporting the "bitcoin" currency

• Computers using their processing power to facilitate and store transactions.

• Mines in the ground

• All of the Above