What is Cryptocurrency?
Cryptocurrency

Quiz
•
Social Studies
•
9th Grade
•
Hard
John Robinson
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cryptocurrency is a type of stock traded on the stock market.
Cryptocurrency is a government-issued currency that is regulated by banks.
Cryptocurrency is a physical coin used for transactions.
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Mining (in terms of cryptocurrency?)
The competitive process of validating a cryptocurrency transaction and adding it to the blockchain in hopes of receiving an amount of cryptocurrency as a reward
Mining is the act of storing cryptocurrencies in a digital wallet.
Mining involves trading cryptocurrencies on exchanges.
Mining is the process of creating new cryptocurrencies from scratch.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Bitcoin?
The largest cryptocurrency in terms of market cap (total market value of its circulating supply)
Bitcoin is a government-issued currency that can be used to pay taxes and fines.
Bitcoin is a physical currency like cash that you can withdraw from an ATM.
Bitcoin is a type of stock that can be purchased on the New York Stock Exchange.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the Blockchain?
A type of cryptocurrency used for online purchases.
A centralized database managed by a single entity that records all bank account transactions in the US.
A method for creating physical currency notes used by the US Mint to print currency..
A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a Cryptocurrency Wallet?
A device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions
A cryptocurrency wallet is a software used for trading stocks and creating CDs in the online world.
A cryptocurrency wallet is a type of bank account for fiat currency.
A cryptocurrency wallet is a physical device for storing cash that you can keep in your pocket.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Digital Exchange?
A method for securing digital transactions across the Blockchain.
A type of cryptocurrency wallet that stores all of your cryptocurrencies in one place.
A software for creating digital art that is used on the faces of cryptocurrency.
A business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Ethereum?
The second largest cryptocurrency in terms of market cap (total market value of its circulating supply). Also famous for smart contract technology
Ethereum is a social media platform used to trade stocks.
Ethereum is a centralized banking system supported by the federal government.
Ethereum is a type of banking that allows customers to transfer money between clients.
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