PTE Multiple-choice, choose multiple answers: Practice question by PTEversity

PTE Multiple-choice, choose multiple answers: Practice question


Bitcoin is a digital asset which is created through a complex process and is monitored by a network of computers. The computers record all related financial transactions in a public list named blockchain.

It has had an amazing journey over the past 1 year or so. Its price towards the beginning of the year was about $1,000 and it has skyrocketed since then, thereby reaching nearly $20,000 a few days back. That’s a staggering increase of 20 times in market value in less than a year!!
Many experienced financial regulators from all across the world have warned people multiple times to refrain from investing in Bitcoin as neither central banks nor the government stands behind the so-called "currency". But even then, a lot of private investors and even major firms have been investing heavily in Bitcoin.

The latest news is not favorable for the investors as Bitcoin plunged yesterday, extending a fall that saw the crypto-currency lose around one-third of its value before recovering back to some extent. Despite the huge risks which come with Bitcoins, authorities have said they do not think it is a big enough part of the market to be a threat to their economic stability.

No one seriously knows where this ‘deadly’ gamble is going to end.


Which one of the following are true statements about Bitcoins?

A. People who have invested in Bitcoin a few days back have gained a lot from the fluctuation in its prices.
B. Financial regulators have stepped up their warnings about its provenance as an investment.
C. The price of a Bitcoin was $1,000 when it was introduced to the world for trading purposes.
D. The forecast from the author about Bitcoins is positive and so the investors should hold their stocks for some more margin in near future.
E. Bitcoins, according to the authorities, are far away from being a headache to them with its current market share.


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PTEversity
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Melbourne, VIC.

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