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Cryptocurrency Quiz

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Questions and Answers

Which of the following best describes cryptocurrency?

A type of currency used in international trade

A type of digital currency that uses cryptography for security (correct)

A type of physical currency that is used in online transactions

A type of currency used in the stock market

What is the main purpose of using cryptography in cryptocurrency?

To regulate the value of the currency

To secure transactions and control the creation of new units (correct)

To prevent inflation

To track the flow of money

How does cryptocurrency differ from physical currency?

Cryptocurrency is digital and centralized, while physical currency is physical and decentralized

Cryptocurrency is digital and decentralized, while physical currency is physical and centralized (correct)

Cryptocurrency is physical and decentralized, while physical currency is digital and centralized

Cryptocurrency is physical and centralized, while physical currency is digital and decentralized

Cryptocurrency Quiz

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Questions and Answers

Which of the following best describes cryptocurrency?

What is the main purpose of using cryptography in cryptocurrency?

How does cryptocurrency differ from physical currency?

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