Cryptocurrency Coins and Tokens Quiz
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Questions and Answers

What is the main difference between coins and tokens?

  • Coins are more widely accepted than tokens.
  • Tokens have more utility than coins. (correct)
  • Coins are easier to trade than tokens.
  • Tokens are easier to purchase than coins.

    • What do coins and tokens have in common?

  • They both represent value (correct)
  • They both require a wallet.
  • They both can process payments.
  • They both can be used to purchase goods.

    • What is an example of how coins and tokens are similar?

  • You can trade coins for tokens and vice versa (correct)
  • They both require a wallet to store them.
  • They both represent value
  • They both can process payments.

    • What is a similarity between investors and traders?

    <p>All traders invest, but not all investors trade</p> Signup and view all the answers

    What is the primary purpose of coins and tokens?

    <p>To represent value</p> Signup and view all the answers

    What does the text tell us about cryptocurrency users?

    <p>They usually own both coins and tokens.</p> Signup and view all the answers

    What is the purpose of comparing investors and traders?

    <p>To show that all traders invest, but not all investors trade</p> Signup and view all the answers

    According to the text, what is the purpose of coins and tokens?

    <p>To represent value</p> Signup and view all the answers

    What is the primary difference between coins and tokens?

    <p>Tokens have more utility than coins.</p> Signup and view all the answers

    What is the main similarity between coins and tokens?

    <p>They both represent value</p> Signup and view all the answers

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