- 1 Marks
BMIS – L1 – SA – Q18.6 – Cryptocurrencies
Question
Cryptocurrencies are an example of which of the following?
A Digital Asset
B Blockchain technology
C Distributed ledger
D Digital wallet
Answer
A
Explanation:
Cryptocurrencies, such as Bitcoin, are digital assets that have value, are created and stored digitally, and have distinct rights of use. Blockchain technology and distributed ledgers are the underlying systems supporting cryptocurrencies, not the assets themselves. A digital wallet stores cryptocurrencies but is not the asset. Therefore, A is the correct answer.
- Tags: Blockchain, Cryptocurrencies, Digital Assets, FinTech
- Level: Level 1
- Topic: The internet
- Uploader: Samuel Duah