Normal Currency vs Cryptocurrency (Grade 11 NSC Matric Computer Application Technology): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What form does cryptocurrency exist in?
What form does cryptocurrency exist in?
Only electronic form
What security system protects cryptocurrency transactions?
What security system protects cryptocurrency transactions?
Cryptography
What is normal currency also called?
What is normal currency also called?
Fiat currency
What typically backs normal currency?
What typically backs normal currency?
Gold reserves
What does 'legal tender' mean?
What does 'legal tender' mean?
Must be accepted as payment
How is normal currency controlled?
How is normal currency controlled?
Centralised by government
What makes cryptocurrency different in terms of control?
What makes cryptocurrency different in terms of control?
Decentralised
What is true about cryptocurrency supply?
What is true about cryptocurrency supply?
Finite amount
When was Bitcoin created?
When was Bitcoin created?
2008
What determines the value of cryptocurrency?
What determines the value of cryptocurrency?
Supply and demand