Free Practice Questions for Eccouncil 312-82 Exam

is a word use to describe technologies which store, distribute and facilitate the exchange of value between users, either privately or publicly

• DAO
• Ledger
• DLT
• Blockchain

The financial Action Task force defines virtual asset providers as companies that (choose two):

• Sell products for virtual currency
• Purchase virtual currency
• Exchange virtual assets for fiat currency
• Transfer virtual assets

According to FinCEN what dictates the obligations of money transmitters?

• The industry designation
• The company stated mission
• The business model
• How the company advertises itself

What is the primary way blockchain could help in the food industry?

• Streamlining management
• Eliminating food born illness
• Making transaction ore transparent
• Making transport safer

is a computer program that runs stop a blockchain and embedded within it are governance and business logic rules

• Dapps
• DaS
• DAO
• DAC

FinCEN requires any person engaging in the business of money transmission or the transfer of funds, including CVC, to (I) maintain an ‘’effective’’ written anti-money laundering program reasonablydesigned to prevent the business from being employed to help the financing of terrorist activities and money laundering and .Report suspidous transactionsRegistry as a money service businessMaintain detailed records of all customersSubmit reports to the SEC

• Report suspicious transactions is the correct answer, as this is a key requirement for companies under FinCEN’s regulations regarding money transmission and virtual currencies.

What two types of transactions are there in Ethereum(pick z):

• User
• Contract
• Message Call
• Contract Creation

When using the chain of ownership is established by a chain of digital signatures as each owner signs when transferring ownership.

• NFTS
• ETHASH
• PoET
• UTXO

A Type II DAPP is categorized by its

• Using the protocol of a type II DApp
• Using the blockchain and protocol of a type I
• Using another blockchain such as Ethereum
• Using the block chain of a type I but not the protocol

These wallets use a this passphrase to derive the private key

• Non-Deterministic Wallets
• Brain Wallets
• Hierarchical Deterministic Wallets
• Deterministic Wallets