Practice Quiz

Bitcoin - Question List

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6. After the FBI shutdown the Silk Road in October of 2013, the value of a Bitcoin plunged to which of the following values after trading around $130 the day before?
  1. $65.
  2. $75.
  3. $85.
  4. $95.
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7. Which senior economist at a US regional Federal Reserve said that Bitcoin was “an elegant solution to the problem of digital currency”?
  1. Eric S. Rosengren.
  2. Francois Velde.
  3. William C. Dudley.
  4. Charles L. Evans.
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8. What is the average fee for a Bitcoin transaction?
  1. 0.02%,
  2. 0.20%.
  3. 1.20%.
  4. 2.20%.
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9. Which of the following Nobel Prize winning economists wrote a piece in The New York Times speaking out against Bitcoin because it “encourages hoarding”?
  1. Alvin E. Roth.
  2. Robert Shiller.
  3. Paul Krugman.
  4. Gary S. Becker.
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10. On November 19th, 2013, Bitcoin soared from $550 to which of the following values in a single day before plunging back down to under $600?
  1. $700.
  2. $800.
  3. $900.
  4. $1000.
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