Question

question 11 of 20
bitcoin is an example of ______.
a. a financial institution
b. cryptocurrency
c. blockchain
d. a digital payment

Explanation:

Bitcoin is a decentralized digital currency that uses cryptography for security, which fits the definition of a cryptocurrency. Option A is incorrect because it is not an institution. Option C is wrong because blockchain is the underlying technology for Bitcoin, not what Bitcoin itself is. Option D is imprecise; while Bitcoin can be used for digital payments, it is specifically a cryptocurrency, which is the most accurate classification.

Answer:

B. cryptocurrency