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Professional Development Month 2023: Crypto quiz

1. What does a CBDC stand for:

2. The smallest unit of a sterling pound is called a pence, what is the smaller unit of a Bitcoin called?

3. What types of activities can crypto wallets be used for:

a) pay suppliers
b) receive cryptocurrency from the sale of goods
c) receive cryptocurrency from the sale of services
d) receive state benefits

4. At a minimum, what are you likely to need when opening a crypto wallet as a business?

a) Government ID
b) Tax ID/registration number
c) An organisational chart or capitalisation table that shows shareholders
d) Proof of physical address
e) Incorporation or formation documents

5. In the webinar on opening a crypto wallet, Peter Howitt from Ramparts says businesses want to be regulated to:

a) Have clearly defined operating parameters
b) Be able to offer additional services
c) Access banking partners
d) Build credibility with customers

6. In the article Is ChatGPT coming for treasurers? what did the World Economic Forum's Future of Jobs Report estimated in 2020:

a) 20 million jobs may be displaced by AI and robotics by 2024
b) 85 million jobs may be displaced by AI and robotics by 2025
c) 97 million jobs may emerge from these changes
d) 20 million jobs may emerge from these changes

7. Why did Ethereum change its verification mechanism from proof-of-work to proof-of-stake in Sept 2022?

8. When will the Bank of England launch the digital pound:

9. If you would like to be entered into the prize draw please provide your name and email address below:

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