Question 1

John Quiggin, a professor at this Australian university called Bitcoin "a pure bubble."

Accepted Answer

A) University of Queensland. 
B) University of Melbourne. 
C) University of Sydney. 
D) University of New South Wales. 
A) University of Queensland. 
B) University of Melbourne. 
C) University of Sydney. 
D) University of New South Wales. A

Question 2

After the FBI shutdown the Silk Road in October of 2013, the value of a Bitcoin plunged to which of the following values after trading around $130 the day before?

Accepted Answer

A) $65. 
B) $75. 
C) $85. 
D) $95. 
A) $65. 
B) $75. 
C) $85. 
D) $95. C

Question 3

On November 6th of 2010, the total value for all Bitcoin in currency reached what historic value?

Accepted Answer

A) 1 million USD. 
B) 10 million USD. 
C) 100 million USD. 
D) 1 billion USD. 
A) 1 million USD. 
B) 10 million USD. 
C) 100 million USD. 
D) 1 billion USD. A

Question 4

Which senior economist at a US regional Federal Reserve said that Bitcoin was "an elegant solution to the problem of digital currency"?

Accepted Answer

A) Eric S. Rosengren. 
B) Francois Velde. 
C) William C. Dudley. 
D) Charles L. Evans. 
A) Eric S. Rosengren. 
B) Francois Velde. 
C) William C. Dudley. 
D) Charles L. Evans.

Question 5

The maximum number of bitcoins allowed into currency at any point in time is capped at what?

Accepted Answer

A) 15 million. 
B) 21 million. 
C) 12 million. 
D) 18 million. 
A) 15 million. 
B) 21 million. 
C) 12 million. 
D) 18 million.

Question 6

Which of the following Nobel Prize winning economists wrote a piece in The New York Times speaking out against Bitcoin because it "encourages hoarding"?

Accepted Answer

A) Alvin E. Roth. 
B) Robert Shiller. 
C) Paul Krugman. 
D) Gary S. Becker. 
A) Alvin E. Roth. 
B) Robert Shiller. 
C) Paul Krugman. 
D) Gary S. Becker.

Question 7

How many atomic units can the total supply of bitcoins be broken down into?

Accepted Answer

A) 2 billion. 
B) 200 billion. 
C) 2 trillion. 
D) 2 quadrillion. 
A) 2 billion. 
B) 200 billion. 
C) 2 trillion. 
D) 2 quadrillion.

Question 8

Over a five-day period, beginning on July 12th, 2010, the value of a single bitcoin increased by how much?

Accepted Answer

A) 300%. 
B) 600%. 
C) 900%. 
D) 1200%. 
A) 300%. 
B) 600%. 
C) 900%. 
D) 1200%.

Question 9

In 2011, the value of a single bitcoin skyrocketed to $32 from $0.30, then plummeted back to which of the following?

Accepted Answer

A) $0.10. 
B) $0.25. 
C) $0.50 
D) $2.00. 
A) $0.10. 
B) $0.25. 
C) $0.50 
D) $2.00.

Question 10

Simon Johnson, a professor of entrepreneurship at this university, warned that Bitcoin would face "big political backlash" if it is widely adopted.

Accepted Answer

A) MIT 
B) Yale 
C) University of Chicago 
D) Princeton 
A) MIT 
B) Yale 
C) University of Chicago 
D) Princeton

Question 11

What is the average fee for a Bitcoin transaction?

Accepted Answer

A) 0.02%, 
B) 0.20%. 
C) 1.20%. 
D) 2.20%. 
A) 0.02%, 
B) 0.20%. 
C) 1.20%. 
D) 2.20%.

Question 12

On November 19th, 2013, Bitcoin soared from $550 to which of the following values in a single day before plunging back down to under $600?

Accepted Answer

A) $700. 
B) $800. 
C) $900. 
D) $1000. 
A) $700. 
B) $800. 
C) $900. 
D) $1000.

Question 13

When is the supply of bitcoins expected to cease?

Accepted Answer

A) 2020 
B) 2080 
C) 2140. 
D) 2200. 
A) 2020 
B) 2080 
C) 2140. 
D) 2200.

Question 14

After the Chinese government issued a stern warning against Bitcoin, the value for a single bitcoin fell from over 1,200USD to well below which of the following?

Accepted Answer

A) $400. 
B) $600. 
C) $800. 
D) $1,000. 
A) $400. 
B) $600. 
C) $800. 
D) $1,000.

Question 15

Many investors have shied away from Bitcoin due to concerns over which of the following?

Accepted Answer

A) Volatility. 
B) Hyperinflation. 
C) Deflation. 
D) International Sanctions. 
A) Volatility. 
B) Hyperinflation. 
C) Deflation. 
D) International Sanctions.

John Quiggin, a professor at this Australian university called Bitcoin "a pure bubble."

After the FBI shutdown the Silk Road in October of 2013, the value of a Bitcoin plunged to which of the following values after trading around $130 the day before?

On November 6th of 2010, the total value for all Bitcoin in currency reached what historic value?

Which senior economist at a US regional Federal Reserve said that Bitcoin was "an elegant solution to the problem of digital currency"?

The maximum number of bitcoins allowed into currency at any point in time is capped at what?

Which of the following Nobel Prize winning economists wrote a piece in The New York Times speaking out against Bitcoin because it "encourages hoarding"?

How many atomic units can the total supply of bitcoins be broken down into?

Over a five-day period, beginning on July 12th, 2010, the value of a single bitcoin increased by how much?

In 2011, the value of a single bitcoin skyrocketed to $32 from $0.30, then plummeted back to which of the following?

Simon Johnson, a professor of entrepreneurship at this university, warned that Bitcoin would face "big political backlash" if it is widely adopted.

What is the average fee for a Bitcoin transaction?

On November 19th, 2013, Bitcoin soared from $550 to which of the following values in a single day before plunging back down to under $600?

When is the supply of bitcoins expected to cease?

After the Chinese government issued a stern warning against Bitcoin, the value for a single bitcoin fell from over 1,200USD to well below which of the following?

Many investors have shied away from Bitcoin due to concerns over which of the following?

What Is Bitcoin

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Exam 4: Economics

John Quiggin, a professor at this Australian university called Bitcoin "a pure bubble."

After the FBI shutdown the Silk Road in October of 2013, the value of a Bitcoin plunged to which of the following values after trading around $130 the day before?

On November 6th of 2010, the total value for all Bitcoin in currency reached what historic value?

Which senior economist at a US regional Federal Reserve said that Bitcoin was "an elegant solution to the problem of digital currency"?

The maximum number of bitcoins allowed into currency at any point in time is capped at what?

Which of the following Nobel Prize winning economists wrote a piece in The New York Times speaking out against Bitcoin because it "encourages hoarding"?

How many atomic units can the total supply of bitcoins be broken down into?

Over a five-day period, beginning on July 12th, 2010, the value of a single bitcoin increased by how much?

In 2011, the value of a single bitcoin skyrocketed to $32 from $0.30, then plummeted back to which of the following?

Simon Johnson, a professor of entrepreneurship at this university, warned that Bitcoin would face "big political backlash" if it is widely adopted.

What is the average fee for a Bitcoin transaction?

On November 19th, 2013, Bitcoin soared from $550 to which of the following values in a single day before plunging back down to under $600?

When is the supply of bitcoins expected to cease?

After the Chinese government issued a stern warning against Bitcoin, the value for a single bitcoin fell from over 1,200USD to well below which of the following?

Many investors have shied away from Bitcoin due to concerns over which of the following?

What Is Bitcoin

History

Usage

In the News

Limitations

Protocol

Filters