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Mastering Stablecoins: Keeping Crypto Stable Quiz

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Mastering Stablecoins: Keeping Crypto Stable: a General level Cryptocurrency quiz. Test your knowledge with 7 questions!

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Questions

Question 1

Which asset is a common peg for a stablecoin?

A Bitcoin

B Oil

C Gold

D US Dollar

Question 2

Can stablecoins be traded on exchanges?

A No, they are private only

B Only through bank wires

C Yes, just like other cryptocurrencies

D Only by the issuing company

Question 3

What is the primary function of a reserve?

A To prevent hackers from entering

B To store the blockchain history

C To ensure the stablecoin can be redeemed

D To pay for electricity costs

Question 4

Do all stablecoins maintain a 1:1 ratio?

A Only the ones on Ethereum

B No, they change daily

C Most aim to, but not all

D Yes, it is a legal requirement

Question 5

Are stablecoins decentralized?

A Some are, some are centralized

B Always fully centralized

C Always fully decentralized

D Only when the price goes up

📋 This quiz has 7 questions in total.