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Acams CCAS Exam - Topic 3 Question 15 Discussion

Actual exam question for Acams's CCAS exam

Question #: 15
Topic #: 3

[All CCAS Questions]

What is a ''smart contract''?

AA legal agreement stored offline.

BA self-executing code stored on blockchain.

CA compliance monitoring tool.

DA cold storage wallet type.

Show Suggested Answer

Suggested Answer: B

Smart contracts execute predetermined conditions automatically on blockchain, enabling decentralized applications and services.

by Alberto at May 11, 2026, 11:13 PM

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Tyra

4 days ago

Wait, can we really trust code to execute contracts? Sounds risky.

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Gerald

10 days ago

Totally agree with B, it's the future of contracts!

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Joesph

15 days ago

I thought it was just a legal agreement, but I guess not.

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Daren

20 days ago

It's definitely B, self-executing code on blockchain!

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Olga

25 days ago

I’m pretty confident that smart contracts are not offline agreements, so I’d eliminate A right away. B seems like the best choice based on what I studied.

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Alyce

1 month ago

I feel like I’ve seen something about compliance tools in relation to smart contracts, but I can’t recall the details.

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Elly

1 month ago

I remember practicing a question about smart contracts, and I think they are self-executing codes on the blockchain. So, I would go with option B.

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Sarah

3 months ago

I think a smart contract is related to blockchain, but I'm not sure if it's just a legal agreement or something more technical.

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