Cryptocurrency Differences and Relationships Quiz

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Questions and Answers

What is the main difference between coins and tokens?

  • Coins are accepted in more marketplaces
  • Tokens can be used to do more things (correct)
  • Coins are easier to swap for tokens
  • Tokens are more widely accepted

What is the relationship between traders and investors?

  • Traders are investors, but not all investors are traders (correct)
  • Investors are traders, but not all traders are investors
  • All traders are investors and all investors are traders
  • Traders and investors are completely unrelated

What is usually true of cryptocurrency users?

  • They only own coins
  • They only own tokens
  • They own coins and tokens (correct)
  • They own neither coins nor tokens

What is the most accurate comparison when discussing coins and tokens?

<p>Coins and tokens are similar but have different utilities (C)</p> Signup and view all the answers

What does the text say about investors and traders?

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

What is true about coins and tokens?

<p>Coins and tokens can be swapped for each other (C)</p> Signup and view all the answers

What is NOT true of cryptocurrency users?

<p>They usually own neither coins nor tokens (D)</p> Signup and view all the answers

What does the text say about coins and tokens?

<p>They are similar but have different utilities (C)</p> Signup and view all the answers

What is NOT true about traders and investors?

<p>All traders are investors and all investors are traders (D)</p> Signup and view all the answers

What is true about coins and tokens?

<p>Tokens can be used to do more things (B)</p> Signup and view all the answers

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