Applications & analysis quiz

4 questions with explanations. Answer every question, then review your results.

1. Which price should you check for a perpetual’s liquidation rules? The exchange’s specified liquidation or mark-price methodology, not merely the last traded price. Only the last traded price on any exchange. The highest price displayed in the past hour.

2. Does buying an NFT automatically transfer copyright? Yes, ownership of any token includes copyright. No. Rights depend on the applicable license or agreement. Yes, if the token links to the original image.

3. Can a listed product trade at a price different from its asset value? No, the share price must always equal net asset value. Only when the underlying market is closed forever. Yes. Premiums, discounts and tracking differences can occur.

4. Why can active-address counts overstate user growth? One user can control multiple addresses, and automated or internal activity can inflate the count. Every address corresponds to exactly one verified person. The metric counts only long-term asset owners.

Scores are saved only in this browser. A quiz score is a learning aid, not a trading qualification.