What ensures the transparency and security of USDC reserves?(Select the best answer)

B) Monthly attestation reports published by Circle.

A) Free public audits.

D) Series of private reports.

C) Only Circle’s internal checks.

What feature makes USDC distinct from other cryptocurrencies?(Select the best answer)

B) Its value is backed by US dollars.

D) It is not regulated.

A) It is available only within the US.

C) It has an unlimited supply.

How quickly can USDC transactions typically settle?(Select the best answer)

A) Within a few hours.

D) In seconds during bank hours.

B) In seconds.

C) Within one business day.

Which of the following best describes the use cases of USDC?(Select the best answer)

B) USDC allows for quick peer-to-peer transactions, can be spent with merchants, and is used for trading.

C) USDC is only used for international remittances.

D) USDC is a non-usable collectible token.

A) USDC is primarily designed for secure storage of assets only.

What backs every USDC?(Select the best answer)

A) Digital assets only.

D) Investments in cryptocurrencies.

B) Gold reserves.

C) Highly liquid cash and cash-equivalent assets.

What is USDC?(Select the best answer)

B) A digital dollar that is pegged 1:1 to the US Dollar.

C) A non-fungible token (NFT).

D) A traditional bank note.

A) A volatile cryptocurrency.

Which entity issues USDC?(Select the best answer)

A) Coinbase.

C) Ethereum Foundation.

B) Circle.

D) The Federal Reserve.

Select an advantage of using USDC over traditional banking methods.(Select the best answer)

C) Near-zero transaction costs.

A) Slower transaction speeds.

B) Higher fees.

D) Requires a bank account.