ISLAMIC CURRENCY
Authored by Khairiah Razak
Specialty
University
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Virtual currencies can only provide financial services to those who have a bank account
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is key security in the context of virtual currencies?
Cryptographic protocols
Blockchain technology
Wallet security
All the answers
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the characteristics of virtual currency?
Not backed by fiat currency
Used and accepted by members of a particular virtual community
Are not governed as "currency" by monetary authorities
Created by monetary authorities and acknowledged as legal tender
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are advantages of virtual currency except
Decentralization
Volatility
Accessibility
Lower transaction fees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ISRA stayed firm Tawaqquf on the legalities of virtual currency
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Virtual currencies rely on blockchain technology to maintain a transparent and secure record of transactions.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government of Japan recognized virtual currency as one of the payment method.
True
False
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