BITCOIN FUNDAMENTAL B003 EXAMS RERUN

Why do we need money?

• To be rich

• To buy goods and services

• To buy cars and clothes

• To get what we want

• To survive

What is Bitcoin?

• A cryptocurrency

• A form of paper money

• a digital currency

• A form of fiat money

• All of the above

Bitcoin did not exist before?

• May 3rd, 2007

• September, 11 2001

• 1st January, 2009

• December 25th, 2010

• May 22nd, 2010

Who is Laszlo Hanyecz?

• The creator of Bitcoin

• The President of the United States of America

• The CEO of Bitcoin

• The person who first traded with bitcoin

• The Governor-general of the United Nations

What is the technology upon which Bitcoin is built?

• Blockchain technology

• Artificial Intelligence

• Nanotechnology

• ChatGPT

• Biotechnology

If paper money has evolved, what did it evolve into?

• Cash Money

• Bank notes

• Cheque Money

• Metallic Money

• Virtual Money

The WAAS Project was established to teach teenagers how to buy and sell Bitcoin.

• Yes, of course! Obviously!

• No, of course not! Never!

• Maybe, we cant say!

• Perhaps, you never know!

• Sometimes....

How old is Bitcoin?

• 50 years old

• 15 years old

• 5 years old

• 13 years old

• 14 years old

What existed before trade by barter?

• Exchange

• Subsistence trading

• Fiat

• Subsistence farming

• Trade by barter

How many times has Bitcoin been hacked?

• Bitcoin is very secure and so it has only been hacked once

• Bitcoin has been hacked twice

• Bitcoin has been hacked every year since 2009

• Bitcoin was hacked in 2009

• Bitcoin is a scam so Bitcoin has never been hacked