Question

1. part a select the paragraph that refines the idea that mining is a unique feature of bitcoin. a. paragraph 1 b. paragraph 10 c. paragraph 4 d. paragraph 14 part b how does this paragraph support the authors purpose? a. the paragraph provides readers with an understanding of how bitcoin is different from traditional payment systems and currencies. b. the paragraph provides readers with information they can use to make a decision on whether to invest in bitcoin. c. the paragraph provides readers with reasons to believe that bitcoin is difficult to use. d. the paragraph provides readers with reasons to be concerned about the viability of bitcoin. 6. what is the authors purpose for writing this text? a. to provide an understanding of bitcoin and other digital systems and cryptocurrencies as part of the evolution of finance b. to convince readers to invest in bitcoins before all of them are mined c. to propose the idea that citizens should trust cryptocurrencies over third - party systems used by banks d. to tell an interesting story that includes a strong moral message about financial principles 7. reread the text box “bitcoin peak worth in us dollars 2011 - 2017” and the text section “currency controversy.” based on the table and the text section, what might you predict bitcoins december 2018 peak worth might be? a. $20.00 b. $500.00 c. $17,000.00 d. $100,000.00 8. how does the author support the claim that bitcoin is decentralized? a. by providing statistics about the number of bitcoins in existence b. by explaining how individuals and companies can exchange digital money c. by explaining how the peer - to - peer system works with public ledgers d. by promoting the idea that banking middlemen are not trusted by the public 9. read this excerpt from an article titled “cryptocurrency.” bitcoin is not going to make government - backed currencies obsolete. but while the system’s virtues, such as anonymity and the lack of bank fees, may not matter much to most consumers, one can envision it being useful in a variety of niche markets.... where anonymity is valuable, where trusted third parties are hard to find or charge high rates, and where persistently high inflation is a problem, it’s possible that bitcoins could in fact flourish as an alternative currency. niche - a particular situation or function how does this excerpt support the central idea of the article? a. it shows that most people who use crytocurrencies are worried about their privacy. b. it supports the idea that cryptocurrencies allow users to bypass all fees. c. it supports the idea that though the future of cryptocurrency is uncertain, it may change the future of fi d. it reveals the authors belief that cryptocurrency is a fad that is unlikely to overtake the banking system anytime soon.

Explanation:

• Part A: Without the full - text, it's impossible to determine which paragraph refines the idea of Bitcoin mining as a unique feature. But this requires close reading and understanding of the text's structure and content related to Bitcoin mining.
• Part B: To answer how a paragraph supports the author's purpose, one needs to analyze the content of the paragraph and the overall goal of the author. If the author aims to show differences between Bitcoin and traditional payment systems, a paragraph that details such differences would support that purpose.
• Question 6: Analyzing the author's purpose involves looking at the overall tone, content, and arguments presented in the text. If the text discusses Bitcoin and other digital systems in the context of finance evolution, that would be the author's purpose.
• Question 7: Predicting Bitcoin's peak worth requires analyzing historical data (from the text box) and considering market trends and controversies (from the "Currency Controversy" section). However, without the actual data, it's a speculative exercise.
• Question 8: Bitcoin's decentralization is supported by explaining its peer - to - peer system with public ledgers as this shows there is no central authority controlling the transactions.
• Question 9: The excerpt shows that while Bitcoin may not replace government - backed currencies, it has potential in certain niche markets, which supports the idea that the future of cryptocurrency is uncertain but may impact the future of finance.

Answer:

• Part A: Cannot be determined without full text
• Part B: A. The paragraph provides readers with an understanding of how Bitcoin is different from traditional payment systems and currencies.
• 6. A. to provide an understanding of Bitcoin and other digital systems and cryptocurrencies as part of the evolution of finance
• 7. Cannot be determined without historical data
• 8. C. by explaining how the peer - to - peer system works with public ledgers
• 9. C. It supports the idea that though the future of cryptocurrency is uncertain, it may change the future of finance