Podcast
Questions and Answers
What is the difference between buying a stock and buying a cryptocurrency?
What is the difference between buying a stock and buying a cryptocurrency?
- Stocks have voting rights while cryptocurrencies do not.
- Stocks have physical components while cryptocurrencies do not. (correct)
- Stocks are publicly traded while cryptocurrencies are not.
- Stocks provide dividends while cryptocurrencies do not.
What is a capital gain?
What is a capital gain?
- The amount of money an investor makes by selling their stock.
- The amount of money an investor makes by buying a stock.
- The difference between what an investor spends for an asset and what they get when they sell it. (correct)
- The difference between the value of a stock and the value of a cryptocurrency.
What is the name of a unit of cryptocurrency?
What is the name of a unit of cryptocurrency?
- Token (correct)
- Share
- Stake
- Investment
What is the purpose of owning shares of a company?
What is the purpose of owning shares of a company?
What is the purpose of buying a stock?
What is the purpose of buying a stock?
What does owning a stock provide?
What does owning a stock provide?
What is the purpose of a cryptocurrency?
What is the purpose of a cryptocurrency?
What is an advantage of owning a stock?
What is an advantage of owning a stock?
What is the purpose of buying a cryptocurrency?
What is the purpose of buying a cryptocurrency?
What is a share of stock?
What is a share of stock?
Study Notes
- Stocks are the ownership stakes of a publicly traded corporation.
- Each share of stock you purchase gives you a percentage stake in the company.
- An investor can profit by selling their stock to other investors.
- A capital gain is the difference between what you spend for the asset and what you get when you sell it.
- Besides that, the advantages of owning shares depend entirely on the company.
- Stocks can also gain value by providing dividends to their shareholders and may include voting rights.
- A cryptocurrency is a digital asset that exists solely on the internet, which means it doesn't have a physical component and only exists as a record in an online ledger that tracks ownership.
- A unit of cryptocurrency is called a token, much as a unit of stock is called a share.
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Description
Test your knowledge of stocks and cryptocurrency ownership with this quiz. Learn about the ownership stakes in publicly traded corporations, capital gains, dividends, voting rights, and the unique characteristics of cryptocurrencies.
