THIS IS A MAKE UP EXAMINATION You have a limited time to complete this examination 1) What is Bitcoin? A type of digital money A type of metal used for making coins A type of Computer Virus A type Of Fruit2) How do people get new bitcoins? By buying them from a store By buying from Bank By finding them on the internet By Buying from an exchange or directly mining them3) What is a blockchain? A chain used for locking bicycles A type of puzzle A digital ledger for recording transactions A type of boat4) Who is commonly credited with creating Bitcoin Elon Musk Vitalik Buterin Mark Zuckerberg Satoshi Nakamoto5) What do miners do in the Bitcoin network? They dig for gold They create new bitcoins They solve puzzles to confirm transactions They cook food for other users6) What does the acronym DeFi mean? Digital Friends Decentralized Funds Decentralized Finance Direct Finance7) What is staking in cryptocurrency? Putting coins in a piggy bank Holding coins in a special wallet to earn rewards Selling coins on the internet Eating coins for breakfast8) What is a decentralized exchange (DEX)? A place where you can exchange cryptocurrencies without a central authority A secret meeting place for cryptocurrency enthusiasts A type of computer program A new type of currency9) Which of the following is a common strategy used in cryptocurrency trading to profit from short-term price movements? HODLing Mining Dollar-Cost Averaging (DCA) Day Trading10) When was the first Bitcoin block, also known as the Genesis Block, mined? January 3, 2009 December 31, 2008 November 5, 2008 February 14, 201011) Where is the word PROFUNDA derived from? Greek Latin Spanish French12) What is the smallest unit of Bitcoin, equal to one hundred millionth of a bitcoin? Ether Sat Byte Litecoin13) What is the term used to describe the process of exchanging one cryptocurrency for another directly on a decentralized exchange? Token Swap Staking Yielding Liquidity Provision14) What is the purpose of a private key in cryptocurrency trading? To publicly share it with others To encrypt messages on social media To verify ownership and authorize transactions To access public blockchain records15) A place where cryptocurrency assets are stored is known as Wallet Bank Safe Crypto Cage16) What is a centralized exchange (CEX)? An exchange where cryptocurrencies are traded directly between users without intermediaries. An exchange that operates without a central authority, allowing users to maintain control over their funds. An exchange that is regulated and managed by a single entity, which acts as an intermediary for trading. An exchange where transactions are processed using a centralized ledger maintained by a third party.17) Which of the following is an example of a decentralized exchange protocol? Binance Uniswap Kraken Coinbase18) What is the term used to describe a sudden and significant decrease in the price of a cryptocurrency? Bull Run Bear Market Dump Correction19) Which of the following is NOT a common type of cryptocurrency order used in trading? Market Order Limit Order Stop Order Cold Order20) What is the tag for PROFUNDA cohort 2.0 session The Heart Oculus The Mind Earth
