WorksheetsDTIN-Chpt10
Total questions: 19
Worksheet time: 10mins
Money in your APCard is an example of a digital currency.
True
False
E-Wallet is an example of digital currency.
True
False
Any money available online is e-money.
True
False
A common problem encountered by digital currency is _____.
Fiat money
Cryptocurrency
Double Spending
Bad-record keeping
This currency never has problem relating to double spending.
Cryptocurrency
Digital Currency
Miners are securing the integrity of the system and the value of the currency
Built-in Scarcity May Support Value
Self-Interested, Self-Policing Communities
Loosening of Government Currency Monopolies
Robust Privacy ProtectionsRobust Privacy Protections
Offer a reliable means of exchange outside the direct control of national banks
Built-in Scarcity May Support Value
Self-Interested, Self-Policing Communities
Loosening of Government Currency Monopolies
Robust Privacy Protections
Many cryptocurrency users use pseudonyms unconnected to information, accounts, or stored data that could identify them
Built-in Scarcity May Support Value
Self-Interested, Self-Policing Communities
Loosening of Government Currency Monopolies
Robust Privacy Protection
Like precious metals, they may offer inflation protection
Built-in Scarcity May Support Value
Self-Interested, Self-Policing Communities
Loosening of Government Currency Monopolies
Robust Privacy Protections
Robust Privacy Protections
Eliminate the need for a third-party payment processor
Harder for Governments to Exact Financial Retribution
Generally Cheaper Than Traditional Electronic Transactions
Fewer Barriers and Costs to International Transaction
Governments cannot freeze or seize cryptocurrency accounts
Harder for Governments to Exact Financial Retributio
Generally Cheaper Than Traditional Electronic Transactions
Fewer Barriers and Costs to International Transactions
Cryptocurrencies don’t treat international transactions any differently than domestic transactions
Harder for Governments to Exact Financial Retribution
Generally Cheaper Than Traditional Electronic Transactions
Fewer Barriers and Costs to International Transactions
Cryptocurrencies have relatively few outstanding units concentrated in a handful of individuals’ hands
Lack of Regulation Facilitates Black Market Activity
Potential for Tax Evasion in Some Jurisdiction
Potential for Financial Loss Due to Data Los
Potential for High Price Volatility and ManipulationPotential for High Price Volatility and Manipulation
Cryptocurrency users may not take the proper precautions
Lack of Regulation Facilitates Black Market Activit
Potential for Financial Loss Due to Data Loss
Potential for Tax Evasion in Some Jurisdictions
Potential for High Price Volatility and Manipulation
Many gray and black-market online transactions are denominated in Bitcoin and other cryptocurrencies
Lack of Regulation Facilitates Black Market Activity
Potential for Financial Loss Due to Data Loss
Potential for Tax Evasion in Some Jurisdictions
Potential for High Price Volatility and Manipulati
Cryptocurrencies aren’t regulated by national governments and usually exist outside their direct control
Lack of Regulation Facilitates Black Market Activity
Potential for Financial Loss Due to Data Loss
Potential for Tax Evasion in Some Jurisdictions
Potential for High Price Volatility and Manipulation
Only the most popular cryptocurrencies have dedicated online exchanges that permit direct exchange for fiat currency
Often Can’t Be Exchanged for Fiat Currency
Adverse Environmental Impacts of Cryptocurrency Mining
Limited to No Facility for Chargebacks or Refund
Cryptocurrency users have no one to appeal to if they are cheated in a cryptocurrency transaction
Often Can’t Be Exchanged for Fiat Currency
Adverse Environmental Impacts of Cryptocurrency Mining
Limited to No Facility for Chargebacks or Refunds
Due to the nature that miners will use a lot of processing powers.
Often Can’t Be Exchanged for Fiat Currency
Adverse Environmental Impacts of Cryptocurrency Mining
Limited to No Facility for Chargebacks or RefundsLimited to No Facility for Chargebacks or Refunds
