Quiz  /  Blockchain Class 7 MCQ Questions With Answers

  • 1. 
    What happens to your money during a period of "deflation"?

  • Deflation increases the value of currency over time.
  • Deflation decreases the value of currency over time.

  • 2. 
    Bill Gates has commented on Bitcoin and said, "“Bitcoin is better than currency”.

  • True
  • False

  • 3. 
    Look up the definition of "pseudonym". What is the meaning?

  • a fictitious name
  • a bitcoin
  • a country
  • a food

  • 4. 
    As of February 12, 2020 a bitcoin is worth?

  • 10,400 USD
  • 323,000 THB
  • 9,500 EURO
  • All of the Above

  • 5. 
    How are "bitcoins" produced?

  • Governments supporting the "bitcoin" currency
  • Computers using their processing power to facilitate and store transactions.
  • Mines in the ground
  • All of the Above

  • 6. 
    What is the definition of "FIAT"?

  • Bitcoins
  • Cyrptocurrency
  • Government-issued currency, such as the US dollar.
  • None of the Above

  • 7. 
    Which are true about currency?

  • Thai Baht is the "currency" in Thailand.
  • Currency can be exchanged between countries.
  • System of money in general use in a particular country.
  • All Of above

  • 8. 
    The "blockchain" is data that copied across thousands and thousands of computers worldwide

  • True
  • False

  • 9. 
    What is the meaning of "Crypto"?

  • Something that is hidden or concealed.
  • A type of grave where someone is buried.
  • Software
  • Hardware

  • 10. 
    What is the definition of a cryptocurrency?

  • Paper Money
  • A Digital Asset
  • Coins
  • None of the Above

  • 11. 
    What is a bitcoin?

  • Programming Language
  • England's Currency
  • A Digital Currency
  • None of the Above

  • 12. 
    What happens to your money during a period of "inflation"?

  • A unit of currency buys more than it did in prior periods
  • A unit of currency buys less than it did in prior periods
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