What is a common misconception about stable coins?
Stablecoins Might Not Be Ready for Payments: CFPB Head

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Business, Social Studies
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They are regulated by the SEC.
They are as stable as the US dollar.
They are only used for consumer payments.
They are backed by gold.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Fed's new system aiming to achieve?
Increase interest rates
Create real-time payments
Merge with big tech companies
Regulate cryptocurrencies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What concern is raised about big tech companies entering the payment space?
They will only accept cryptocurrencies.
They might increase transaction fees.
They could control the flow of payments and data.
They will eliminate the need for banks.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of bank mergers?
Increased competition
Threat to financial stability
More consumer choices
Lower interest rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has consumer credit been affected recently?
Credit card balances have increased.
Auto loans have become less common.
Credit card debt has decreased.
Interest rates have dropped significantly.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a concern regarding inflation's impact on consumers?
Decreased wages
Lower demand for loans
Reduced credit card usage
Increased car prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is being done to address repeated law violations by large financial institutions?
Reducing penalties
Providing more loans
Increasing the cost of violations
Offering tax incentives
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