Bitcoin Will Not Be Considered "Money" Unless Which of the Following

question 109

Multiple Choice

Bitcoin will not be considered "money" unless which of the following conditions is satisfied?

• A)It is generally accepted as a medium of exchange,a store of value,and a unit of account.
• B)It is traded as currency on the major exchanges around the world.
• C)The use of Bitcoin passes a threshold in terms of dollar value of transactions as determined jointly by the G20 countries.
• D)It is accepted as payment for Internet transactions.
• E)It is officially issued as currency by at least one country's central bank.

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Definitions:

Critical Thinking

The process of objectively analyzing and evaluating an issue in order to form a judgment.

Frontal Lobes

The front portion of the brain involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Hemiparesis

A condition of weakness or partial paralysis affecting only one side of the body.

Hemiplegia

Paralysis of one side of the body, often resulting from a stroke or brain injury.