QUESTION $21$

$"$In the textbook, Agustin Carstens was quoted to call Bitcoin an 'environmenal disaster'. What did he mean by this statement?"

He was referring to the environmental damage mining bitcoin has done to the ozone layer

He was referring to the fact that mining bitcoins is powered by clean energy

He was referring to the fact that mining bitcoin uses the same amount of power as the city of Singapore uses each day

He was insinuating that Bitcoin is an environmentally aware and sensitive company

$4$ points

QUESTION $22$

What did the $2018$ paper issued by the IMF state as some of the benefits of a Central Bank Digital Currencies $($select $3)?$

CBDC$\text{'}$s could strengthen the benefits of the payments system

CBDC$\text{'}$s could help encourage more financial inclusion

CBDC demand will definitely be very high

CBDC$\text{'}$s could reduce some of the costs of the financial system

$4$ points

QUESTION $23$

Which payments company partnered with a business$-$to$-$business payments platform called Handshake to expand its offerings to small business customers?

Square

Rectangle

Circle

Triangle

$4$ points

QUESTION $24$

DLT stands for

Digital Ledger Technology

Destructive Ledger Technology

Direct Logistic Technology

Distributed Ledger Technology

$4$ points

QUESTION $25$

DLT is a type of blockchain.

True

False

$2$ points

QUESTION $26$

"According to the textbook, large firms have become more selective with their blockchain efforts as the technology has matured."

True

False

$2$ points

QUESTION $27$

$"$DLT may radically change how assets are maintained and stored, obligations are discharged, contracts are enforced, and risks are managed."

True

False

$2$ points

QUESTION $28$

"Wells Fargo and Commonwealth Bank have used blockchain, smart contracts, and the Internet of Things to create a global trade transaction mirroring a letter of credit."

True

False

$2$ points

QUESTION $29$

What is the name for a framework for early$-$stage fintech startups to test out their new products in a controlled environment before going live with the product?

Pilot Network

Sandbox

Playground

Bank Charter Test

$4$ points

QUESTION $30$

Which two key states are not included in the $16$ U$.$S$.$ states that have standardized the key elements of the fintech licensing process?

Texas and California

Illinois and Texas

New York and Texas

California and New York