Exercises
1.True/False questions
(1)Digital money should be decentralized and must be backed by other currency or liquid asset.
(2)The value of a basket of currencies (like dollars, euros and pounds)and low-risk government securities stored by the Libra Association will determine the value of all the Libra units in circulation.
2.Single-choice questions
(1)Which is NOT the main role of digital currency?
a.Supporting online e-commerce
b.Smoothing transactions and reducing costs
c.Replacing the payment of money and coins in retail
d.Changing the nature of money
(2)Which is NOT the main reason that China has decided to develop a digital currency?
a.Domestic cryptocurrency exchanges are mature
b.It can be served as a replacement of the Reserve Money (M0)system.
c.Risks of offline paper money transactions might be alleviated
d.The speed of RMB internationalization is likely to be accelerated.
3.Fill in the blank
(1)Many marketplaces called “__________” allow people to buy or sell Bitcoins using different currencies.