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PFL Module 19 Questions and Answers Graded A+
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PFL Module 19 Questions and Answers Graded A+ When does a token become a coin? When its own blockchain is developed to record the transactions on. According to Vice Magazine's research, how many of Non-Fungible Tokens (NFTs) are fake? 90% Look at the statement below. What type of f...

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  • September 11, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • pfl module 19 questions and answers graded a
  • when does a token become a coin when its own bloc
  • according to vice magazines research how many of
  • what is a good way to avoid getting caught in a cr

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PFL Module 19 Questions and Answers
Graded A+

When does a token become a coin? - answer When its own blockchain is developed to
record the transactions on.

According to Vice Magazine's research, how many of Non-Fungible Tokens (NFTs) are
fake? - answer90%

Look at the statement below. What type of fee is this? 1 Processing transactions on the
blockchain takes effort — and the fees are used to compensate the miners and
validators who help keep things running smoothly, and provide their computers (nodes)
to the blockchain network. - answer A miner fee.

What is a good way to AVOID getting caught in a crypto phishing scam? Select the best
possible answer. - answer All of the above.

Which statements characterize Decentralized Finance (DeFi)? Select the best answer. -
answer All of the above

Some crypto transactions are taxable. Choose the best possible answer. - answer
When you "unloaded" cryptos, like selling or trading, you need to report this on your tax
return.

In crypto, there's the saying "Not your keys, not your coins." What best describes this
sentence? - answer If you have a non-custodial wallet; you are in possession of the
private keys that give you access to and ownership of your crypto.

What characterizes a crypto broker? - answer Buying and selling of cryptos, as well as
trading.

Why are cryptocurrency so volatile, generally? Choose the best possible answer. -
answer Crypto prices are based on supply and demand, and therefore are sensitive to
changes in stock markets, to the Fed changing interest rates, and influential people and
governments taking stances on cryptos.

What is a stablecoin? - answer A crypto that is attached to another currency's value.

Some crypto exchanges allow their customers to "employ leverage", and why is this not
a good idea? - answer You can use a crypto to pay back borrowed investments. Seeing
the volatile nature of cryptos, your debt can quadruple in minutes.

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