What is digital currency?

Digital currency

Quiz
•
Computers
•
9th - 12th Grade
•
Medium
Reeja Mohandas
Used 1+ times
FREE Resource
6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Currency that exists only in electronic form
Physical currency like coins and banknotes
Currency that can only be used online
A type of cryptocurrency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of cryptocurrency?
It is regulated by central banks.
It can be physically printed as cash.
It uses cryptography for security.
It is always backed by gold or silver.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "blockchain" refer to?
A physical chain that holds currency.
A centralized database managed by banks.
A decentralized ledger of transactions stored across multiple computers.
A network of computers that only track digital currency.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a blockchain?
To allow for the printing of money.
To secure and verify transactions without the need for intermediaries.
To keep all financial records in a centralized location.
To convert physical currency into digital format.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements about digital currency is TRUE?
Digital currency is always anonymous.
Digital currency can be transferred between accounts electronically.
Digital currency has no form of government regulation.
Digital currency can only be used for online shopping.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a major benefit of using blockchain technology?
It eliminates the need for all forms of currency.
It allows transactions to be easily changed after they are recorded.
It increases the transparency and security of transactions.
It centralizes control to a single authority.
Similar Resources on Wayground
10 questions
MIL Short Quiz

Quiz
•
12th Grade
10 questions
Quiz on Digital Technology and Its Impact

Quiz
•
10th Grade
11 questions
Unilayer Network Quiz Week 2

Quiz
•
12th Grade
11 questions
Blockchain

Quiz
•
10th Grade
11 questions
Tren Perkembangan IT

Quiz
•
11th Grade
10 questions
Technology and Education

Quiz
•
9th - 12th Grade
10 questions
WJEC 1.10 - Legal and Ethical - Digital Divide

Quiz
•
9th - 10th Grade
10 questions
Module 1 quiz

Quiz
•
11th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Computers
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade