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 (C)</p> Signup and view all the answers

What is the primary purpose of coins and tokens?

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

What does the text tell us about cryptocurrency users?

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

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

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

What is the primary difference between coins and tokens?

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

What is the main similarity between coins and tokens?

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

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