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Cryptocurrency and Nexo Quiz

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Questions and Answers

What is the maximum APY offered by Nexo?

12%

15%

16% (correct)

18%

What is the typical daily price fluctuation of a cryptocurrency?

10% (correct)

20%

What type of investor is cryptocurrency most suitable for?

Low-risk

High-risk (correct)

Medium-risk

No-risk

What is Nexo?

A crypto bank account (A) Signup and view all the answers

What type of assets can Nexo users earn a high-yield interest rate on?

Traditional FIAT currencies (A) Signup and view all the answers

What is the main benefit of investing in cryptocurrency?

High returns (C) Signup and view all the answers

What is the main risk associated with investing in cryptocurrency?

High volatility (B) Signup and view all the answers

What type of investor should avoid investing in cryptocurrency?

Low-risk (A) Signup and view all the answers

What is the main advantage of using Nexo?

Fastest and most secure way to earn a high-yield interest rate (D) Signup and view all the answers

What type of assets are not supported by Nexo?

Cryptocurrencies (D) Signup and view all the answers