Cryptocurrency in Developing Countries

Quiz
•
Other
•
University
•
Medium
Juan Méndez Valverde
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What percentage of GDP can remittances account for in developing countries?
Up to 10%
Up to 20%
Up to 30%
Up to 40%
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which country recognized Bitcoin as legal tender in June 2021?
El Salvador
United States
China
India
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What percentage of El Salvador's GDP is accounted for by remittances?
Less than 10%
Around 15%
Around 20%
More than 25%
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why are cryptocurrencies becoming popular in developing countries?
Due to their stability
Due to their high transaction costs
Due to their accessibility
Due to their regulation by governments
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is one advantage of using cryptocurrency for remittances?
Lower transaction fees
Faster processing time
Both lower transaction fees and faster processing time
None of the above
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Why do many individuals in developing countries have limited access to traditional banking infrastructure?
Lack of physical infrastructure
High fees
Both lack of physical infrastructure and high fees
None of the above
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
How do cryptocurrencies solve the issue of limited access to traditional financial systems?
By requiring a physical infrastructure
By being readily available through internet access
By relying on traditional banks
By charging high fees
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
MSE - science and technology

Quiz
•
University
10 questions
crypto

Quiz
•
KG - Professional Dev...
10 questions
Fintech Quiz 2

Quiz
•
University
13 questions
Prime Entry Books and Source Documents - Ali

Quiz
•
University
10 questions
Cryptocurrency quiz

Quiz
•
University
10 questions
Blockchain

Quiz
•
5th Grade - Professio...
16 questions
CyberSecurity and BlockChain - Day 4 - Room no - 206

Quiz
•
University
10 questions
Introduction to Accounting

Quiz
•
University
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
22 questions
6-8 Digital Citizenship Review

Quiz
•
6th - 8th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade