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Digital Currency Gr8

Authored by Oscar Lang

Computers

8th Grade

Used 14+ times

Digital Currency Gr8
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is digital currency?

Exists purely in a digital format.

It has no physical format.

Exists purely in a digital format.

It has a physical format.

It is conventional fiat currency (for example, $, £, €, and ¥)

It is the US Dollar

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is backing the FIAT Currency?

Local People

Government and Banks

Nobody

Its linked to Gold

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the meaning of the latin word FIAT?

Leave it alone

Let it be

Let it be done.

Let it go

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is digital currency used for accepted form of payment for goods and services?

No

Maybe

Not sure

Yes

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Give an example of who would accept digital currency?

PAY PAL

APPLE PAY

Nobody

Not Sure

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is your understanding of a central bank?

Home Bank

It is regulating authority for all banks in a country

It is decentralise system

This banking system is centralised

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Digital Currency is also known as .....

Dollar

Rand

Cryptocurrency,

Pound

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Google

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Microsoft

Microsoft

Apple

Apple

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Others

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