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Home » Quiz beginner – lessons nr 41-50

1. Beginner Course 50. What is CBDC – central bank digital money? Quiz beginner – lessons nr 41-50

Quiz beginner – lessons nr 41-50

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Question 1 of 10

1. Question
Which of the following answers is true?
- Play-to-Earn games allow players to generate digital currency that they can exchange for real cash
- Play-to-Earn games are always centralized and controlled by game developers
- Play-to-Earn games do not give players full control over their characters and accounts
- Play-to-Earn games do not allow players to earn tokens and NFTs
Correct

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Question 2 of 10

2. Question
What does liquidity in the cryptocurrency market mean?
- Liquidity in the cryptocurrency market means that investors can sell or buy assets at any time and in any quantity, with minimal impact on the market price
- Liquidity in the cryptocurrency market means that investors cannot transact when the market is too active
- Liquidity in the cryptocurrency market means that asset prices fluctuate dynamically during transactions, making trading difficult
- Liquidity in the cryptocurrency market means that the market is controlled by one major player, which prevents free exchange of assets
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Question 3 of 10

3. Question
Which of the following best describes demand inflation?
- The increase in prices of products and services is due to excess demand over supply in the market
- The increase in the prices of products and services is due to the lack of changes in the structure of production, despite changing consumer needs
- The increase in the prices of products and services is due to central banks raising interest rates
- The increase in the prices of products and services is due to the monopolization of the market by one major player
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Question 4 of 10

4. Question
What is stagflation?
- An economic cycle characterized by extremely slow economic growth and high levels of unemployment
- An economic cycle that is characterized by rapid economic growth and low levels of inflation
- A situation in which the economy is growing rapidly, but unemployment remains low
- A condition in which inflation and deflation balance each other, without affecting economic growth
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Question 5 of 10

5. Question
What are Utility Tokens (utility tokens)?
- They are a type of digital asset that is designed to provide specific services or functionality within a specific project, or blockchain-based platform
- They are cryptocurrencies that have value, but no functions or uses
- They are cryptocurrencies that are used solely for speculation in the market
- They are digital assets that can be mined through the process of digging cryptocurrencies
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Question 6 of 10

6. Question
Cryptocurrency digging – what is it?
- It's the process of creating new cryptocurrencies by trading on a cryptocurrency exchange
- It's the process of investing in cryptocurrencies through purchases on cryptocurrency exchanges
- It's the process of performing complex calculations to confirm transactions and secure the blockchain network, for which miners receive newly generated units of a particular cryptocurrency
- It's the process of backing up cryptocurrency-related data
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Question 7 of 10

7. Question
What unit is used to measure the difficulty of mining cryptocurrencies?
- Level of difficulty of mining
- Hash rate
- Number of blocks
- Blockchain
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Question 8 of 10

8. Question
How does compound interest work?
- Profits earned in a certain period are added to the original capital, and then are also included in the further interest process in subsequent periods
- Profits earned in a certain period are subtracted from the original capital
- Profits earned in a given period are not added to the original capital
- Profits earned in a given period are added only once
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Question 9 of 10

9. Question
What are the characteristics of privacy coins?
- They guarantee anonymity in transactions, maintaining the privacy of participants and making it difficult to determine the identity of the sender and receiver
- They increase the availability of information about participants in transactions
- They facilitate the monitoring of financial activity
- They make it easy to track the identity of transaction participants
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Question 10 of 10

10. Question
Does the implementation of central bank digital currencies entail providing personal and financial data to Central Banks?
- Yes, which carries the risk of violating users' privacy
- No, users retain full anonymity
- Yes, however, the Central Banks provide full data protection
- No, the Central Banks do not collect any user data
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1. Beginner Course

Course Home Expand All

41. Blockchain and NFT games – how to make money on them?

42. Liquidity in the cryptocurrency market

43. Inflation and its effects on financial markets

44. What Is Stagflation and Why Does It Have a Negative Impact on the Market?

45. What are utility tokens and what use do they have in the cryptocurrency sector?

46. What is cryptocurrency mining?

47. What is the mining difficulty?

48. What is compound interest, and how does it work?

49. What Are Privacy Coins and Are They Legal?

50. What is CBDC – central bank digital money?

1 Quiz

Quiz beginner – lessons nr 41-50

51. What is Cryptocurrency Airdrop all about?

52. Key differences between ICO, IEO and STO

53. What are decentralized DAO organizations, and how do they work? What are DAO tokens?

54. What is EURT? How does it work?

55. What is the difference between Circulating Supply and Total Supply?

56. Snapshot from the world of cryptocurrencies – what is it?

57. What is the Fear and Greed index for cryptocurrencies?

58. APR versus APY: what is the difference?

59. What is an Initial Farming Offer (IFO)?

60. What is Regenerative Finance (ReFi)?

1 Quiz

Quiz beginner – lessons nr 51-60

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