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Test Your Knowledge

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What are Cryptocurrencies?

Question 1:


What is a cryptocurrency?

A. A type of government-backed currency used for online purchases.


B. A physical asset that is represented by coins and banknotes.


C. A digital asset that is traded directly between individuals via peer-to-peer networks.

Question 2:


What is one key benefit of decentralized networks in cryptocurrencies?

A. They allow for rapid and low-cost transactions.


B. They are controlled by governments.


C. They require intermediaries like banks for transactions.

Question 3:


Which country declared Bitcoin as legal tender in September 2021?

A. El Salvador.


B. United States.


C. Japan.

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