Which of the following words will you not use to describe cryptocurrency*Virtual currencyBlockchain technologyLegal tenderVolatile

What is the missing word (according to the course materials)? “One way to comprehend virtual currency is to first understand _______  currency. ______ currency is any legal tender designated and issued by a central authority that people are willing to accept in exchange for goods and services because it is backed by regulation and because they trust this central authority. ________ money is similar to commodity-backed money in appearance and usage, but differs in that it cannot be redeemed for a commodity, such as gold” (European Central Bank, 2012).

What is the missing word (according to the course materials)? “__________ currency is “a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific _________ community.” Although there are different types of _______ currencies… (we will focus) on ______ currencies with “bidirectional flow” since these currencies intersect most directly with the real economy. _________ currencies with bidirectional flow may be bought and sold according to prevailing exchange rates and may be used to purchase both real and ________ goods and service…” (World Bank, 2014).Group of answer choicesVirtualDigitalMan-madeCrypto

Which of the following is cryptocurrency?answerCash AppPayPalVenmoBitcoin

Discuss the different types of crypto currency and Tokens in Blockchain?

Bitcoin is classified as:Group of answer choicesCurrencyLegal TenderCashNone of the available answers