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Acams CCAS Exam - Topic 1 Question 6 Discussion

Actual exam question for Acams's CCAS exam
Question #: 6
Topic #: 1
[All CCAS Questions]

Which type of cryptoasset is explicitly designed to maintain a stable value?

Show Suggested Answer Hide Answer
Suggested Answer: B

Stablecoins aim to maintain value stability by pegging to assets like fiat currency or commodities. Regulators stress monitoring stablecoin reserve transparency to prevent misuse for layering illicit funds.


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Dean
3 months ago
Utility tokens can be stable too, right? Not just stablecoins!
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Anastacia
3 months ago
Agreed, stablecoins are the way to go for value stability.
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Nelida
3 months ago
B is correct, they peg to fiat currencies.
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Billi
4 months ago
Wait, are stablecoins really that stable? I've heard mixed reviews.
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Eric
4 months ago
Definitely B, stablecoins are meant to be stable!
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Ciara
4 months ago
Governance tokens seem to be related to voting rights, so I don't think they fit the question about maintaining value.
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Carman
4 months ago
I practiced a question like this before, and stablecoins were definitely mentioned as a way to avoid volatility.
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Katie
4 months ago
I'm not entirely sure, but I feel like utility tokens are more about access to services rather than stability.
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Jesus
5 months ago
I think the answer is B, stablecoin, because I remember it being designed to keep its value steady.
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Katie
5 months ago
Stablecoins, that's the one! I remember the professor talking about how they're designed to minimize volatility. I'm feeling good about picking B for this question.
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Cammy
5 months ago
Okay, I remember learning about stablecoins in class. They use different mechanisms to try to keep their value stable, like being pegged to fiat currencies or using algorithms to adjust supply. I think B is the right answer here.
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Leanna
5 months ago
Hmm, I'm not totally sure about this one. I know stablecoins are supposed to be more stable than other cryptos, but I'm not 100% confident that's the right answer. I might need to think it through a bit more.
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Tommy
5 months ago
This one seems pretty straightforward. Stablecoins are explicitly designed to maintain a stable value, so I'm going with B.
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Maile
6 months ago
Stablecoin, definitely! Who doesn't love a little financial stability in this wild crypto world?
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Celeste
2 months ago
They really help in this volatile market!
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Pete
2 months ago
Can't argue with that! Stablecoins are smart.
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Kristel
3 months ago
Agreed! It's all about that stability.
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Irma
3 months ago
Stablecoin is the way to go!
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Dewitt
6 months ago
I'm not sure, but I think it makes sense for a stablecoin to be explicitly designed for stability.
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Kallie
7 months ago
I agree with Afton, stablecoins are designed to maintain a stable value.
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Afton
7 months ago
I think the answer is B) Stablecoin.
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