Crypto Test Crypto Knowledge Test Instructions: Answer all 25 questions. Each question is worth 4 points. Total score: 100 points. Attempt Limit: You may take this test up to 3 times using the same email address. Student Name Student Email 1. What does immutable mean in blockchain? Passwords reset automatically Records cannot easily be changed after confirmation Transactions disappear daily Coins become free 2. What is a crypto token? A stock dividend A digital asset built on another blockchain A physical coin A bank account 3. What is Bitcoin? A stock exchange The first major cryptocurrency A government currency A bank-owned app 4. What is a private key? A bank routing number A public username A secret code that gives access to crypto A broker fee 5. What happens if you lose your private key? The government restores it The blockchain emails it to you You may permanently lose access to your crypto The bank resets it 6. What is slippage? The difference between expected price and actual execution price A staking reward A wallet password A tax credit 7. What is phishing in crypto? A blockchain fee A scam that tricks users into giving passwords or private keys A wallet upgrade A staking reward 8. What is staking? Locking crypto to help secure a network and possibly earn rewards Using leverage Buying stocks Printing money 9. What does HODL mean? Mining with leverage Borrowing crypto Selling every day Holding crypto long-term despite volatility 10. What is crypto volatility? A wallet backup A government guarantee Large and frequent price movements A fixed price forever 11. Why is diversification important in crypto? It guarantees profits It removes taxes It reduces dependence on one asset It stops volatility 12. What is FOMO in crypto? Fast online money option Full ownership market order Fixed open market operation Fear of missing out 13. What is blockchain technology? A trading app A bank account A credit card network A decentralized digital ledger 14. What is peer-to-peer payment? Paying only through a bank branch Trading stocks Sending value directly between users Using only cash 15. What are validators? Network participants who verify transactions Bank tellers Stock analysts Credit card users 16. What does decentralization mean? The government owns all coins Only banks control the network No single central authority controls the network Only one person controls it 17. Why should private keys never be shared? They are public information Anyone with the key can control the crypto They are only for taxes They expire daily 18. What is a crypto coin? A company share A cryptocurrency with its own blockchain A token built only on Ethereum A banknote 19. What is the main risk of sending crypto to the wrong address? The bank cancels it automatically The transaction may be irreversible The wallet returns it instantly The exchange doubles it 20. What is a bull market? A period when prices never move A period when prices generally rise A period when exchanges disappear A period when wallets close 21. What does a crypto wallet actually store? Physical coins Private keys and access credentials Bank checks Stock certificates 22. What is the main difference between a coin and a token? Coins have their own blockchain; tokens use another blockchain Tokens are physical Coins cannot be traded Tokens are always safer 23. What is a rug pull? A safe wallet backup A blockchain upgrade A scam where project creators take funds and abandon the project A normal bank transfer 24. What is a crypto wallet? A bank vault A leather wallet A tool used to access and manage crypto A stock brokerage license 25. What are crypto transaction fees used for? Paying bank rent Buying insurance Paying stock dividends Paying network validators or miners Submit Test