
FT Week 4
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
George Kladakis
Used 1+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of stablecoin?
Fiat-collateralized stablecoins
Asset-backed stablecoins
Time-backed stablecoins
Non-collateralized stablecoins
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does an algorithmic stablecoin maintain its peg to the dollar?
It is backed 1:1 by US dollars in a bank account
It uses smart contracts to adjust the supply of the coin based on demand
It is pegged to a basket of assets, such as stocks and bonds
It is mined using proof-of-work algorithms like Bitcoin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which stablecoin's peg collapsed using a mint-and-burn system?
Tether
Terra
Binance USD
DAI
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a good reason to use a stablecoin?
Protection from fraudsters
Protection from inflation
Fast and cheap cross-border payments
Access to USD without a bank account
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stablecoins are...
Decentralised
Centralised
Either Decentralised or Centralised
Neither Decentralised nor Centralised
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a Central Bank Digital Currency (CBDC)?
To replace all physical cash immediately
To serve as a digital form of central bank-issued money
To eliminate all commercial banks
To act as a private cryptocurrency like Bitcoin
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Retail CBDC is used by (select 2 answers)
Individuals
Banks
Large corporations
Businesses
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