- CFA Exams
- CFA Exam: Level I 2021
- Study Session 19. Portfolio Management (2)
- Reading 57. Fintech in Investment Management
- Subject 3. Financial applications of distributed ledger technology
CFA Practice Question
What is a blockchain/distributed ledger technology that can eliminate intermediaries in transactions?
B. Tokenization
C. Smart contracts
A. Cryptocurrency
B. Tokenization
C. Smart contracts
Correct Answer: A
The parties can deal with each other directly using cryptocurrencies as electronic mediums of exchange.
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