NE B2 - Economics

A purchase and a payment

• bitcoin

• debit card

• transaction

• credit card

a plastic card for buying goods and services with money withdrawn from your bank account

to start to be real

• come in

• come across

• come into existence

• come back

an interconnected system of computers

Which of the following statements best defines cryptocurrencies?

• Cryptocurrencies are stocks and bonds that can be traded on the stock market.

• Cryptocurrencies are government-issued currencies that can be exchanged for goods and services.

• Cryptocurrencies are online virtual currencies that use cryptography for security and operate on decentralized networks.

• Cryptocurrencies are physical coins used in everyday transactions.

to record all information up to today

a fake name that mostly artists use

• surname

• nickname

• pseudonym

• art name

Money earned from a sale

Which of the following statements best compares Bitcoin transactions to traditional debit card transactions?

• Bitcoin transactions involve using physical coins, whereas debit card transactions are completely digital.

• Both Bitcoin and debit card transactions do not involve physical money but require authorization to transfer funds.

• Bitcoin transactions are anonymous, while debit card transactions are always recorded by banks.

• Transactions made with Bitcoin cannot be reversed, whereas debit card transactions can always be canceled.

problematic situation relating to money

• financial report

• financial crisis

• financial news

• financial market