Finance Unbox-ED ($) - Grade 3-5 - Session 020 - Quiz 1

Select the statement that is true

• Cryptocurrencies are digital currencies
• Cryptocurrencies can be used to make payments
• Both of the above
• None of the above

Cryptocurrencies are sometimes available as paper currencies or coins

• True
• False

Cryptocurrencies are not issued or regulated by any government

• True
• False

Cryptocurrencies were invented by a person or a group of people under which pseudonym?

• Masayoshi Son
• Satoshi Nakamoto
• Masayoshi Nakamoto
• Satoshi Masayoshi

Cryptocurrencies can be created by anyone

• True
• False

Banks record all transactions of cryptocurrencies

• True
• False

Blockchain is used to record all transactions of cryptocurrencies

• True
• False

Since blockchain is transparent and for anyone to see the real identities of people are revealed

• True
• False

Mining is the process of solving simple mathematical problems in order to create more units of the cryptocurrency

• True
• False

Select all the famous personalities who are not supporters for cryptocurrencies

• Elon Musk
• Bill Gates
• Warren Buffet
• Mark Cuban