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Cryptocurrency Coins and Tokens Quiz
10 Questions
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Cryptocurrency Coins and Tokens Quiz

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@WellRoundedSanctuary

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Questions and Answers

What is the main difference between coins and tokens?

  • Coins are easier to use than tokens
  • Coins have more utility than tokens
  • Tokens are easier to use than coins
  • Tokens have more utility than coins (correct)

    • What is the relationship between investors and traders?

  • All traders invest, but not all investors trade (correct)
  • All traders invest and all investors trade
  • All traders trade, but not all investors invest
  • All traders trade and all investors invest

    • What is true about most cryptocurrency users?

  • They own coins but not tokens
  • They own tokens but not coins
  • They own neither coins nor tokens
  • They own both coins and tokens (correct)

    • What is true about coins and tokens?

    <p>They can both process payments</p> Signup and view all the answers

    What is not true about coins and tokens?

    <p>They both can be used to buy goods</p> Signup and view all the answers

    What is a token?

    <p>A digital asset that can be used to represent value</p> Signup and view all the answers

    What is a coin?

    <p>A digital asset that can be used to process payments</p> Signup and view all the answers

    What is true about swapping coins for tokens?

    <p>It is possible</p> Signup and view all the answers

    What is the purpose of tokens?

    <p>To do things that coins cannot</p> Signup and view all the answers

    What is true about marketplaces?

    <p>Some accept coins but not tokens</p> Signup and view all the answers

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