Quiz_MCQ_8-13-2024 Cryptocurrency Quiz PDF

1. What reason did Elon Musk give for Tesla's decision to stop accepting Bitcoin payments? A) Environmental concerns B) Volatility in Bitcoin prices C) Preference for other currencies D) Lack of widespread adoption 2. How did Elon Musk's tweets affect the cryptocurrency market? A) Bitcoin rose...

1. What reason did Elon Musk give for Tesla's decision to stop accepting Bitcoin payments? A) Environmental concerns B) Volatility in Bitcoin prices C) Preference for other currencies D) Lack of widespread adoption 2. How did Elon Musk's tweets affect the cryptocurrency market? A) Bitcoin rose, Dogecoin fell B) Both currencies remained stable C) Both currencies increased D) Bitcoin fell, Dogecoin rose 3. What did Elon Musk say he was doing with Dogecoin developers? A) Increasing transaction speed B) Enhancing mining efficiency C) Improving system transactions D) Developing new applications 4. What was the main concern Elon Musk expressed about cryptocurrency? A) Its lack of widespread acceptance B) Its unstable market value fluctuations C) Its potential to become world currency D) Its impact on fossil fuel consumption 5. How did Musk's statement affect the cryptocurrency market? A) It led to Dogecoin's popularity B) It caused Bitcoin's value to rise C) It had no impact on crypto prices D) It triggered a Bitcoin decline Answer Sheet 1. A 2. D 3. C 4. D 5. D