What are the key characteristics that digital currencies need to have according to the discussion?
Digital Dollar Is a Necessity: Chavez

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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
Exclusive to sovereign states
Highly distributed and privacy-protecting
Immutable and slow
Centralized and transparent
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the speaker's prediction about the US dollar made 10 years ago?
It will become a digitally native asset
It will remain a physical currency
It will lose its value
It will be replaced by Bitcoin
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What vulnerability in the payment system was highlighted during the COVID-19 pandemic?
Lack of digital payment options
Slow and outdated systems
Excessive transaction fees
Limited access to banking services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main challenge associated with stable coins?
They are stable until they are not
They are too volatile
They are not widely accepted
They are difficult to regulate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is there a necessity for a digital dollar according to the discussion?
To reduce transaction times
To compete with Bitcoin
To ensure a claim on the US and Federal Reserve
To eliminate physical currency
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of international trade being priced in digital yuan?
Frictionless exchange
Increased transaction fees
Reduced privacy
Limited global acceptance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a critical factor for people to hold digital yuan according to the discussion?
Government subsidies
High interest rates
Cryptographically guaranteed privacy
Trust in the issuing government
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