Quiz: Lesson 007

Quiz Summary

0 of 8 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 8 Questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Current
Review
Answered
Correct
Incorrect

Question 1 of 8

1. Question
A cryptocurrency exchange is ____.
- a place for swapping fiat currencies. For example, Australian dollars for U.S. dollars.
- an online marketplace that enables buyers and sellers to trade cryptocurrencies in exchange for other cryptocurrencies or fiat currencies.
- someone who facilitates cryptocurrency trading between buyers and sellers, but instead of buyers and sellers setting the prices, they set the prices.
- a platform for trading nothing but stablecoins.
Correct

Incorrect
Question 2 of 8

2. Question
True or false? You don’t need to verify an exchange’s legitimacy because they are all trustworthy and reputable.
- True
- False
Correct

Incorrect
Question 3 of 8

3. Question
What’s the difference between a centralised (CEX) and decentralised exchange (DEX)?
- Both CEX and DEX are controlled by a single entity, the only difference is a DEX offers more cryptocurrencies.
- A DEX is more user-friendly than a CEX.
- A CEX is operated by a business which acts as a middleman to match and fill trades between buyers and sellers, whereas a DEX is not hosted by a central entity.
- A DEX is operated by a business that acts as a middleman, whereas a CEX is not hosted by a central organisation
Correct

Incorrect
Question 4 of 8

4. Question
What does a cryptocurrency broker do?
- Manage an order book from which customers execute buy and sell orders.
- Facilitate cryptocurrency trading between buyers and sellers, but instead of buyers and sellers setting the prices, they set them.
- Solely provide investment advice to make you the most money possible.
- Facilitate cryptocurrency trading between buyers and sellers, with the buyer setting the price.
Correct

Incorrect
Question 5 of 8

5. Question
True or false? All exchanges support the same cryptocurrencies.
- True
- False
Correct

Incorrect
Question 6 of 8

6. Question
When looking to buy cryptocurrency, which 3 things should you focus on? (Select all that apply.)
- Your personal plan and circumstances
- Figuring out whose portfolio to copy
- Spending time in the market and education
- Your personal circumstances
Correct

Incorrect
Question 7 of 8

7. Question
True or false? You can use websites such as CoinGecko and CoinMarketCap to find out where to buy cryptocurrencies.
- True
- False
Correct

Incorrect
Question 8 of 8

8. Question
True or false? When buying cryptocurrency, there is often no unanimous time when you should buy. Rather, it’s important to consider your personal plan and spend time in the market.
- True
- False
Correct

Incorrect

Quiz Summary

Information

Results

Results

Categories

1. Question

A cryptocurrency exchange is ____.

2. Question

3. Question

What’s the difference between a centralised (CEX) and decentralised exchange (DEX)?

4. Question

What does a cryptocurrency broker do?

5. Question

True or false? All exchanges support the same cryptocurrencies.

6. Question

When looking to buy cryptocurrency, which 3 things should you focus on? (Select all that apply.)

7. Question

True or false? You can use websites such as CoinGecko and CoinMarketCap to find out where to buy cryptocurrencies.

8. Question

True or false? When buying cryptocurrency, there is often no unanimous time when you should buy. Rather, it’s important to consider your personal plan and spend time in the market.