Cryptocurrency and Money Characteristics Quiz

Quiz
•
History
•
12th Grade
•
Hard
Mr DEMANDANTE
FREE Resource
13 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the key characteristics that make something function as money
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How well do cryptocurrencies like Bitcoin fulfill these characteristics compared to fiat currencies?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What advantages or disadvantages do cryptocurrencies have over fiat currencies in terms of portability, durability, divisibility, and scarcity?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the primary functions of money (medium of exchange, unit of account, store of value)?
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How effectively can cryptocurrencies serve as a medium of exchange for goods and services compared to traditional fiat money?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
Can cryptocurrencies act as a stable unit of account given their price volatility?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What factors influence the ability of cryptocurrencies to serve as a reliable store of value?
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