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WorksheetsDigital Asset Review
Total questions: 26
Worksheet time: 14mins
What are digital investments?
Investments made using physical money
Investments made through online platforms
Investments in digital art
Investments in cryptocurrencies
Which of the following is NOT a common type of digital investment?
Stocks
Real estate
Cryptocurrencies
Digital collectibles
Which digital investment platform specializes in facilitating the trading of cryptocurrencies?
Social media platform
Crowdfunding platform
Cryptocurrency exchange
Online marketplace
How does dollar-cost averaging work in digital investments?
Investing a fixed amount of money at regular intervals
Investing all your money at once
Investing in cryptocurrencies only
Investing in real estate
Which type of investment typically carries the highest level of risk?
Treasury bonds
Blue-chip stocks
Cryptocurrencies
Government savings bonds
What is an NFT (non-fungible token)?
An NFT is a paper asset that represents real-world objects like art, music, in-game items and videos.
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos.
An NFT is an imaginary asset that represents real-world objects like art, music, in-game items and videos.
An NFT is a fake asset that represents real-world objects like art, music, in-game items and videos.
What is the Blockchain?
As a database, a blockchain stores information in real life in real format.
This is where you send all your money and NFTs
Acts as a database. A blockchain stores information electronically in digital format.
It's a receipt of all transactions.
When you stack blocks together in real life you create a chain.
What is a Centralized Exchange?
Centralized exchanges are regulated, need licenses to operate, and are compliant with the regulatory authorities.
Centralized exchanges are unregulated, don't need licenses to operate, and are non-compliant with the regulatory authorities.
This is a peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over management of their funds to an intermediary or custodian.
This is where you store your secret pass phrase
What does NFT stand for?
Non-Functional Tokens
Non-Fungble Tokens
Non-Fungible Tokens
NordVPN Free Trial
Is a NFT crypto currency
Yes
No
Maybe
I don't know
What does an NFT look like?
Same as Ethereum
Same as Bitcoin
Anything Digital art like, Music, painting, etc
None of these
Which is the most popular marketplace for NFT?
Open sea
Wazir X
Coin Switch Kuber
Meta Mass
What is Bitcoin?
A cloud-based service that hosts blockchain nodes
A decentralized digital currency
A digital crypto wallet
A hardware crypto wallet
Who is the creator of Bitcoin?
Ryuichi Sakamoto
Satoshi Nakamoto
Akira Toriyama
Masashi Kishimoto
What is Ethereum?
A DEX (decentralized exchange)
A DAO (decentralized autonomous organization)
A layer-2 network that executes on the Bitcoin blockchain
A blockchain network that can run smart contracts
What is MetaMask?
The main cryptocurrency used in the Metaverse
A cryptocurrency created by Meta (Facebook)
A new social media platform that runs on the blockchain
A browser extension that serves as a cryptocurrency wallet
A cryptocurrency wallet is used to:
Store cryptocurrencies securely
Increase the value of cryptocurrencies
Print digital currencies
None of the above
What does P2P stand for?
Peer to Peer
Password to Password
Product to Product
Private Key to Public Key
What is a digital asset?
An investment in a digital company that is recorded on the internet.
A digital item that you can own but will never exist outside of the internet.
A digital item that you rent and can share with others on the internet.
A single block of blockchain technology that contains a unique hash.
What is one characteristic of blockchain technology that allows a ledger to be spread out and accessible to people all over the world?
Centralized control for consistency
Timestamped and unalterable
Distributed in a shared network
Which one of the statements is true about cryptocurrency?
Cryptocurrency controls blockchain technology.
Cryptocurrency is a type of digital asset that can be owned.
Cryptocurrency is a type of hash that gives value to a block of data.
Cryptocurrency gets its value based on how many blocks of data it is made of.
“digital token” means a digital representation which is recorded on a distributed digital ledger whether cryptographically-secured or otherwise
True
False
Digital assets are not a payment instrument that is regulated by BNM and does not constitute money that is legally accepted for the exchange of goods and services (not a legal tender) in Malaysia.
True
False
However, digital assets do have multiple use cases, including as an investible class of assets. As the regulator of the capital market in Malaysia, the SC has prescribed digital assets as securities under its laws. Pursuant to this, digital assets can be issued by a company for the purposes of raising funds subject to the issuer fulfilling the conditions set by the SC.
True
False
The invocation of reporting obligations on digital currency exchange business by Bank Negara Malaysia in
2018 connoted the authorisation, licensing, endorsement or validation by the Bank of any entities involved in the provision of digital currency exchange services.
True
False
Bitcoin, Ether, Ripple and Litecoin are among the famous type of
cryptocurrencies
True
False
