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1. A brief History of Money
Quiz 1 of 12
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Introduction to Digital Currencies
This quiz is part of a series of 12 quizzes which covers both a technical overview of decentralised digital currencies like Bitcoin, as well as their broader economic, legal and financial context.

This quiz was taken from a free MOOC held at the University of Nicosia and taught by world leading experts Andreas Antonopoulos and Antonis Polemitis and attended by over 30,000 students.

DFIN-511 is the world’s first MOOC on Digital Currencies and you can sign up to the full course for free using the following link: https://www.unic.ac.cy/blockchain/free-mooc/

(I was seeking for permission from the University of Nicosia to copy and translate this quiz into German, but unfortunately no reply was ever received, so I've taken the freedom to do so)

The German translation can be found here:
https://docs.google.com/forms/d/e/1FAIpQLScrIitEXrD0c7gTcz7bhr3z2z-gghO7r-k46HYGwmiTOyNuiQ/viewform?usp=sf_link
What are the main characteristics/functions of a currency? *
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What problem does a medium of exchange solve? *
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Which of the following are good properties of an effective medium of exchange? *
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Which characteristic best defines a good store of value? *
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What were used at some point as forms of primitive money? *
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What were the main advantages of modern coinage relative to primitive money? *
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What was the most common material for early modern coinage? *
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What problems does metal-backed coinage face as a form of currency? *
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The first forms of paper money were designed to... *
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The Gold Standard generally refers to... *
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What was the main objective of the Bretton Woods conference? *
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Which of the following is an absolutely necessary characteristic of a fiat currency? *
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What is the main cause of hyperinflation? *
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What is the main distinguishing factor of Bitcoin as a currency, relative to all prior currencies? *
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Which of the following are properties of Bitcoin as a currency? *
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Which of the following represent improvements in characteristics of mediums of exchange? *
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What is the most well-known difficulty associated with using barter in modern specialized economies? *
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Is the unit of account in a national/domestic economy always the same as the medium of exchange? *
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Is a fiat currency redeemable for a commodity? *
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What are some potential advantages of private currencies? *
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