Jim, an independent trader, conducts his business transactions using digital forms of money that are not regulated by any national government. Jim uses this digital means of exchange with his trading partners as well. In this scenario, Jim uses currencies known as _____.
A) cost-push currencies
B) cryptocurrencies
C) microcurrencies
D) complementary currencies

Question

Quizplus · Accepted Answer

Cryptocurrencies are digital or virtual forms of money that use cryptography for security and are not regulated by any national government, fitting the description of the currencies used by Jim in the scenario.

Jim, an Independent Trader, Conducts His Business Transactions Using Digital