John Nofsinger, Smit, Bonaparte
TEST BANK
Includes All Chapters (1 to 14)
What’s Included?
• Complete Chapter-by-Chapter Test Bank
• Multiple Choice Questions (MCQs)
,Chapter 01 - Nofsinger
1. Award: 10.00 points
What global financial event led to increased interest in decentralized financial alternatives?
The dot-com bubble burst
The 2007–2008 financial crisis
The 1987 stock market crash
The 1997 Asian Financial Crisis
The COVID-19 pandemic
The Brexit vote
References
Multiple Choice Difficulty: Easy 1 Learning Objective: 01-01 Know and
connect the rise of bitcoin and other
cryptocurrencies to broader
macroeconomic trends.
,2. Award: 10.00 points
Which currency emerged as the global reserve after WWII?
Japanese yen
euro
U.S. dollar
Swiss franc
British pound
Chinese yuan
References
Multiple Choice Difficulty: Easy 1 Learning Objective: 01-01 Know and
connect the rise of bitcoin and other
cryptocurrencies to broader
macroeconomic trends.
3. Award: 10.00 points
Breaking from which standard in the 1970s influenced the U.S. dollar's dominance?
Silver Standard
Cryptocurrency Standard
Gold Standard
Fiat Standard
Commodity Basket Standard
Carbon Standard
References
Multiple Choice Difficulty: Easy 1 Learning Objective: 01-01 Know and
connect the rise of bitcoin and other
cryptocurrencies to broader
macroeconomic trends.
, 4. Award: 10.00 points
Which country is NOT mentioned as seeking alternatives to the U.S. dollar dominance?
Iran
China
Russia
India
None of the choices is correct.
United States
References
Multiple Choice Difficulty: Easy 1 Learning Objective: 01-01 Know and
connect the rise of bitcoin and other
cryptocurrencies to broader
macroeconomic trends.
5. Award: 10.00 points
Which of the following is NOT typically associated with DeFi?
Smart contracts
Yield farming
Permissionless access
Decentralized exchanges
Central bank−backed currencies
Peer-to-peer transactions
References
Multiple Choice Difficulty: Medium 2 Learning Objective: 01-02 Explain the
implications of decentralized finance for
financial institutions and financial
markets.