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06 Oct 2020, 04:21
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A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
65% (01:49) correct
35%
(01:48)
wrong
based on 355
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Time
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Not Attempted Yet
Bill contracted SARS-CoV-2 and had to confine himself for two weeks. During this period, he decided to have some insights on his saving habits. He’s used to put extra USD, that he affords to save each month from his salary, in the bank. After some reflection, he concluded that his saved money cannot buy him anymore same things he could have bought if he spent his money directly once earned, because of continuous inflation. In addition, he was afraid of a big plunge of the value of USD against stocks and commodities due to CoViD-19 economic relief as stimulus packages, which are trillions of printed USD pumped in the economy to help it. So he decided to buy Bitcoin with his savings from now on.
Which of the following, if true, would most seriously strengthen Bill’s decision?
A) Bitcoin is a decentralized digital cryptocurrency, with limited supply, and an increasing moving price average.
B) Bitcoin is a short-sighted invention, with nothing new to offer to the public use.
C) Bitcoin’s prices are expected to rise 2500% in the next 5 years.
D) In the last month, some stocks performed better than the Bitcoin.
E) Bitcoin is the most famous digital currency, and is expected to dominate this market.
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Which of the following, if true, would most seriously strengthen Bill’s decision?
A) Bitcoin is a decentralized digital cryptocurrency, with limited supply, and an increasing moving price average.
B) Bitcoin is a short-sighted invention, with nothing new to offer to the public use.
C) Bitcoin’s prices are expected to rise 2500% in the next 5 years.
D) In the last month, some stocks performed better than the Bitcoin.
E) Bitcoin is the most famous digital currency, and is expected to dominate this market.
Posted from my mobile device
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07 Oct 2020, 02:33
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Why Bitcoin could be a solution to fight the decreasing value of money with time, a solution for centralized decisions, and a solution for the unlimited supply of fiat currencies?
A) answers specifically these problems.
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A) answers specifically these problems.
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13 Oct 2020, 14:01
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With a limited supply of the bitcoin the inflation concept cannot be applicable to it which was his main concern. Hence A is a decent answer choice
Choice c is tempting but it need not necessarily be true
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Choice c is tempting but it need not necessarily be true
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