DIGITAL CURRENCY AND PAYMENT SYSTEM exam
DIGITAL CURRENCY AND PAYMENT SYSTEM Quiz
Test your knowledge on digital currencies, blockchain technology, and payment systems with our engaging quiz. Designed for both enthusiasts and professionals, this quiz will challenge your understanding and help you learn more about the rapidly evolving world of digital finance.
Key Features:
- Multiple choice questions covering various aspects of digital currencies
- Assess your understanding of blockchain and cryptocurrency applications
- Instant feedback on your answers to enhance learning
Coins:Operates on its own Blockchain. Has its own independent transaction ledgers. Used to transfer wealth.
TRUE
NOT SURE
NEVER
FALSE
BlockChain Applications for media is called ()
Expansion of cash (issuing ) was not accompanied by a proper
Expansion of the gold reserves as a cover for the national currency
The shortage of its amounts to meet the requirements for monetary system
KODAKOne
Banks and telco companies drives payment systems in Turkey are follows except
Garanti bank
Is bank paradol
MTN
Turkcell
The following are true Cryptocurrency except
Use for local business
Electronic peer-to-peer currencies
Do not physically exist.
Measured against the real currencies
The following are true about Smart cards except......
So far not successful Japan
Available for over 10 years
Smart cards gradually reappearing in U.S
It common all over the world
Is Nearest challenger to the ....- echnology auc
Gold standard
Ethereum
The Bimetallism and Monometallism Standards
The Silver Standard
The following can be seen as the true Definition of Money except ....
It has general acceptability
Money is said to be the most liquid asset among all the assets of a man
Any kind of paper
© A medium of exchange:
Uses peer-to-peer technology to operate with no central authority or banks
Bitcoin
EFPOS
EPOSF
ETPOS
Managing transactions and the issuing of bitcoins is carried ol collectively by the network. ....
FALSE
NOT SURE
TRUE
NEVER
The Bitcoins "Looks" like following except
Gold
Public Key
Hard Disk
Private Key
A node is simply a computer that participates in the BlockChain network This participation can be in three ways as follows except
By keeping a shallow-copy of the blockchainaka a Light Client
For destruction of the economy.
By keeping a full-copy of the blockchainaka a Full Node
By verifying the transactions aka Mining
- A transaction is a transfer of Bitcoin value that is broadcast to the network and collected into block
NEVER
NOT SURE
FALSE
TRUE
Behind the scenes, the Bitcoin ne ledger called the.....
Reliable
Security
Easy to Use
Blockchain
Versions of the BlockChain are as follows except().
Blockchain 2.0- Child Prodigy Ethereum
Blockchain 3.0- The Killers
Blockchain1.0-Grandpa BitCoin
Uniformity Blockchain
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