VOICED : Venezuela tasa en 60 dolares el petro su moneda virtual

VOICED : Venezuela tasa en 60 dolares el petro su moneda virtual

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

Venezuela launched its cryptocurrency, Petro, valued initially at $60, backed by oil reserves. The Petro's value is subject to oil market fluctuations, with incentives for investors. It was introduced to address liquidity issues and US sanctions. The White Paper outlines a pre-sale of 38.4 million units. Unlike decentralized cryptocurrencies, Petro is regulated by the Central Bank, creating uncertainty. It operates on Ethereum's blockchain but may migrate to its own.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the initial value of the Petro cryptocurrency set by Venezuela?

$70

$80

$60

$50

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the Venezuelan government launch the Petro cryptocurrency?

To support local businesses

To promote digital literacy

To address liquidity issues and counteract U.S. sanctions

To increase tourism

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many units of Petro were planned for pre-sale according to the White Paper?

50 million

38.4 million

25 million

100 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization will regulate the Petro cryptocurrency?

World Bank

United Nations

Central Bank of Venezuela

International Monetary Fund

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On which blockchain will the Petro initially operate?

Litecoin

Ripple

Ethereum

Bitcoin