Local: Personal Finance in Europe Quiz

1 point(s)

What is the common currency used in the Eurozone?

Euro

Correct Incorrect Correct answer

British Pound

Correct Incorrect Correct answer

Swiss Franc

Correct Incorrect Correct answer

US Dollar

Correct Incorrect Correct answer

1 point(s)

Which form of money is still widely used in Southern Europe?

Cash

Correct Incorrect Correct answer

Digital Payments

Correct Incorrect Correct answer

Cryptocurrency

Correct Incorrect Correct answer

Debit Cards

Correct Incorrect Correct answer

1 point(s)

What is legal tender?

A type of loan

Correct Incorrect Correct answer

Money officially recognized for transactions

Correct Incorrect Correct answer

Cryptocurrency

Correct Incorrect Correct answer

An investment product

Correct Incorrect Correct answer

1 point(s)

Which of the following is a disadvantage of using cryptocurrency?

Privacy

Correct Incorrect Correct answer

Decentralization

Correct Incorrect Correct answer

Volatility

Correct Incorrect Correct answer

Widely accepted

Correct Incorrect Correct answer

1 point(s)

Which security feature is NOT found on Euro notes?

Watermarks

Correct Incorrect Correct answer

Holograms

Correct Incorrect Correct answer

Raised printing

Correct Incorrect Correct answer

Barcodes

Correct Incorrect Correct answer

1 point(s)

Digital payments are more dominant in Northern Europe compared to Southern Europe.

True

Correct Incorrect Correct answer

False

Correct Incorrect Correct answer

1 point(s)

The Euro is the official currency for all countries in Europe.

True

Correct Incorrect Correct answer

False

Correct Incorrect Correct answer

3 point(s)

Please match the word with its definition.

Sort elements

Money that must be accepted for transactions
A digital or virtual form of money using encryption for security
The value of one currency in terms of another

Legal Tender

Correct Incorrect Correct answer

Cryptocurrency

Correct Incorrect Correct answer

Exchange Rate

Correct Incorrect Correct answer

3 point(s)

Please match the word with its definition.

Sort elements

A measure to verify the authenticity of banknotes
Money that is no longer in circulation or accepted
A charge for processing a financial transaction

Security Feature

Correct Incorrect Correct answer

Obsolete Currency

Correct Incorrect Correct answer

Transaction Fee

Correct Incorrect Correct answer

1 point(s)

Arrange the following forms of money from most secure (position #1) to least secure (position #4). Available choices: Cash / Digital Payments with Two-Factor Authentication / Cryptocurrency / Debit Card without Chip

Correct Correct Answer Incorrect

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1 point(s)

Arrange these types of financial transactions from lowest fee (position #1) to highest fee (position #4). Available choices: Cash Payment / Bank Transfer / Credit Card Payment / Currency Exchange with High Commission

Correct Correct Answer Incorrect

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1 point(s)

How can understanding exchange rates help you make more informed financial decisions while traveling?

This response will be reviewed and graded after submission.

Local: Personal Finance in Europe Quiz