Bitcoin Is a Cryptocurrency (A Virtual Currency That Is Protected

question 133

Multiple Choice

Bitcoin is a cryptocurrency (a virtual currency that is protected from counterfeiting and theft by computer code) .Is Bitcoin an example of a fiat money?

• A) No, because Bitcoin cannot be converted into gold on demand.
• B) No, because Bitcoin can be converted into gold on demand.
• C) Yes, because Bitcoin cannot be converted into gold on demand.
• D) Yes, because Bitcoin can be converted into gold on demand.

---

Definitions:

Investment Turnover

A ratio that measures the efficiency of a company in generating sales or revenue from its investment in assets.

Sales

The total revenue generated from goods or services sold by a company during a specified period.

Invested Assets

Invested assets refer to the resources put into financial instruments or assets with the expectation of earning a return, including stocks, bonds, real estate, and other investment vehicles.

DuPont Formula

A method for analyzing a company's return on equity (ROE), breaking it down into three components: operating efficiency, asset use efficiency, and financial leverage.