Fіnаnсе Quіz

Question 01 What year was Bitcoin created?

2005200720092011

Question 02 Who is credited with creating Bitcoin?

Vitalik ButerinElon MuskSatoshi NakamotoCharlie Lee

Question 03 What is the maximum supply of Bitcoin?

10 million21 million50 million100 million

Question 04 What is the process of confirming Bitcoin transactions called?

MiningStakingForgingValidating

Question 05 Bitcoin transactions are recorded on a public ledger called the:

DatabaseBlockchainLedgerDirectory

Question 06 Which of the following is a key feature of Bitcoin?

It is inflationaryIt is controlled by a central governmentIt is decentralizedIt requires a bank to send/receive

Question 07 How long does it take for a new block to be mined in Bitcoin's blockchain?

1 minute5 minutes10 minutes30 minutes

Question 08 What is a Bitcoin wallet used for?

Storing fiat currencyStoring and managing private keysMining BitcoinTrading Bitcoin

Question 09 What process occurs every 4 years and reduces the reward miners receive for validating Bitcoin transactions?

DeflationBitcoin RemortgageMining BitcoinBitcoin Halving

Question 10 Bitcoin’s price is controlled by a central authority.

TrueFalse

Question 11 Bitcoin was initially created as a solution to reduce transaction fees in the traditional financial system.

TrueFalse

Question 12 Who is your account manager?