Virtual Currency: Introduction and Characteristics

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DefeatedGamelan
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10 Questions

VC value always remains stable due to the high demand in the market.

False

VC prices are not affected by speculations in the market and remain constant over time.

False

VC users are not exposed to any risk of loss while trading, investing, or accepting VCs.

False

VC users have legal protection available to them in case of unpleasant incidents involving VCs.

False

VC transactions do not have a high degree of anonymity, making it easy to trace the real identities of the participants.

False

VCs are not attractive to fraudsters, scammers, or individuals intending to engage in unlawful activities.

False

VC users are not at risk of being affected if law enforcers crackdown on certain VC Exchanges.

False

Using VCs eliminates any risks associated with online transactions and digital financial services.

False

VCs are not prone to theft, hacking, or cyber threats like other online assets.

False

Digital ledger technology that powers VCs does not have the potential to facilitate legitimate financial services.

False

Learn about virtual currencies, how they are created and transacted, and their characteristics such as being stored in electronic wallets and not being issued or guaranteed by central banks. Explore the uses of virtual currencies for purchasing virtual items and real goods online.

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