Cryptocurrency & NFT Test

What is cryptocurrency?

• Physical money stored in digital banks

• A centralized digital currency

• A digital or virtual currency secured by cryptography

• A form of online points for gaming

What technology powers most cryptocurrencies?

• AI

• Blockchain

• Cloud computing

• Internet of Things

Which was the first cryptocurrency?

• Ethereum

• Dogecoin

• Ripple

• Bitcoin

Which of the following best describes how data is stored on a blockchain?

• In one central file controlled by a bank

• In a series of unconnected spreadsheets

• In blocks that are linked in a chain, verified by the network

• In private notebooks kept by crypto companies

What does NFT stand for?

• Non-Fungible Token

• New Financial Token

• Non-Functional Technology

• National Fund Transfer

What is a characteristic of NFTs?

• They are fungible and can be exchanged one-to-one

• They are exclusively used in the art world

• Each NFT is distinct and cannot be swapped equally

• They are stored in traditional bank accounts

Ethereum is known for what unique feature?

• Decentralized storage
• Smart contracts
• Proof of work mining
• Centralized governance

Which cryptocurrency is most associated with NFTs?

• Litecoin

• Dogecoin

• Ethereum

• Tether

Aria is an artist who wants to sell her digital artwork online. Which of these is a use case for NFTs?

• Physical cash printing

• Digital art ownership

• Loan processing

• Data encryption

Anika wants to keep her cryptocurrency safe. What tool should she use?

• Printing cryptocurrency

• Accessing NFTs from museums

• Storing and managing crypto assets

• Logging into social media