Digital currency

Digital currency

9th - 12th Grade

6 Qs

quiz-placeholder

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Digital currency

Digital currency

Assessment

Quiz

Computers

9th - 12th Grade

Medium

Created by

Reeja Mohandas

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is digital currency?

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.