Benefits of Cryptocurrencies and Blockchain Include All of the Following

question 44

Multiple Choice

Benefits of cryptocurrencies and blockchain include all of the following EXCEPT:

• A)Business or individuals can create financial agreements without relying on banks.
• B)Business or individuals can make financial transactions without relying on banks.
• C)Transactions among businesses or individuals will have to know each other to make financial agreements.
• D)Transaction costs among all of the participants in the economy can be reduced.
• E)Rating agencies and government bodies will not be necessary to verify identity, establish trust, or perform the critical business logic.

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Definitions:

Younger Age

Pertains to individuals who fall into a lower age bracket, often considered in contexts like employment where age can impact opportunities or perceptions.

Defined-Benefit Plan

A type of retirement plan where the employer guarantees a specific retirement benefit amount for the employee based on a formula.

Predetermined Formula

A specific method set in advance for calculating a particular outcome or value.

Time Not Worked

Periods during an employee's scheduled work hours in which they are not engaged in productive work due to breaks, downtime, or absences.