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ℹ️ Quiz Today's 👀
Crypto and the Economy: The interplay of Innovation and Finance
@habesha_cryptoo
@habesha_cryptoo
ℹ️ Quiz Today's 👀
Crypto and the Economy: The interplay of Innovation and Finance
1. How is DeFi disrupting traditional finance?
✅It offers alternatives for loans, savings, and investments
2. How do high interest rates affect crypto markets?
✅They often lead to sell-offs of riskier assets like crypto
3. What does the phrase "crypto is volatile" mean?
✅Its value can change dramatically due to market events
4. What's one benefit of DeFi compared to traditional finance?
✅No paperwork required for loans
5. What kind of economic event often makes Bitcoin's price rise?
✅High inflation
6. What was the key takeaway about crypto and the macro economy?
✅They're becoming more intertwined and influence each other.
7. What is Bitcoin often called during times of high inflation?
✅Digital gold.
8. Why are governments introducing CBDCs?
✅To provide a state-backed alternative to private cryptocurrencies.
9. What is DeFi short for?
✅Decentralized Finance.
10. What financial process does Bitcoin make faster and cheaper?
✅Cross-border payments.
11. What's one benefit of DeFi compared to traditional finance?
✅No paperwork required for loans.
12. How are Bitcoin and the stock market connected in 2024?
✅Bitcoin's price often moves in sync with tech-heavy indices like Nasdaq.
13. What are CBDCs?
✅Central Bank Digital Currencies.
@habesha_cryptoo
@habesha_cryptoo