Cryptocurrency and Fiat Money Flashcard
Flashcard
•
Other
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
25 questions
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1.
FLASHCARD QUESTION
Front
What is fiat money?
Back
Money declared by a government to be legal tender.
2.
FLASHCARD QUESTION
Front
When did the U.S. government officially stop backing the U.S. dollar with gold, taking the U.S. off the gold standard?
Back
1971
3.
FLASHCARD QUESTION
Front
Who issues fiat money in most countries?
Back
Government Central Banks
4.
FLASHCARD QUESTION
Front
Which country is often credited with creating the first paper currency?
Back
China
5.
FLASHCARD QUESTION
Front
What is the primary advantage of fiat money?
Back
Stability and Acceptance
6.
FLASHCARD QUESTION
Front
Who invented Bitcoin, the first cryptocurrency?
Back
Satoshi Nakamoto
7.
FLASHCARD QUESTION
Front
What is cryptography?
Back
Cryptography is a technique that allows a secure exchange of encrypted data between two or more people. Encrypted data has levels of security that require an ability to break codes to access the data.
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