A2 Chapter 1 Test

What is a common reference for digital currency?

• Electronic wallet

• Coins

• Bank notes

• Computers

  
  

How are credit cards used for digital payments?

• Contactless payment

• Storing data on the card

• Swiping the magnetic stripe

• Accessing the user's bank account

What is a stored value card?

• A card used for mobile payments

• A card with a set amount of currency

• A credit card

• A card with contactless payment

Which value card can only load money onto it once, and it is discarded when all the money is spent?

• Credit card

• Open-loop card

• Closed-loop card

• Top up card

How can mobile phones and smart watches be used for payments?

• Touching the device to the payment machine

• Installing a digital credit card app

• Swiping the magnetic stripe

• Contacting the user's bank account

Is virtual currency centralized or decentralized?

• Decentralized

• Centralized

• It depends

• Not mentioned

What can virtual currency be used for in games?

• Buying clothing or armor

• Personalizing applications

• Trading with other players

• Buying bank notes and coins

Examples of cryptocurrency?

• Physical notes and coins

• Credit cards and mobile phones

• Bitcoin and Litecoin

• Central bank currencies

What is the purpose of central bank digital base money/currencies (CBDC)?

• Printing physical currency

• Anonymous transactions

• Decentralized monetary system

• Controlled supply of currency

What is data mining?

• A form of data analysis

• A form of artificial intelligence

• Searching and analyzing large sets of data

• All of the above