Answers to the quiz “Dual Investment Tutorial & Quiz”
– Top Online Cryptocurrency Courses from $9.99 Get now!
Dual Investment is an investment product with high returns, which comes with significant risks. Therefore, if you do not fully understand the product, it can cause unfortunate losses. To ensure the safety of users, Binance requires users to complete a knowledge assessment before they can start investing. However, getting the answers right on this test can be difficult for newcomers. Below are the answers to the test to move on to the next step.
- What kind of product is Dual Investment?
“High risk, high return” non-principal protected product where users may receive different currencies according to the settlement price
2. What is the strike price in Dual Investment?
The strike price is a set price at which deposit currency will be converted into alternate currency if the product is exercised
3. Will the strike price of a Dual Investment product ever change?
The strike price will not change
4. You subscribed to a Dual Investment product with the below information:
Underlying asset: BTC
Subscription amount: 1 BTC
Strike Price: $15,000
At the delivery date, the settlement price is $16,000. Which currency will you receive in the end?
5. You subscribed to a Dual Investment product with the below information:
Underlying asset: BTC
Subscription amount: 10,000 BUSD
Strike Price: $10,000
At the delivery date, the settlement price is $8,000. Which currency will you receive in the end?
6. Will the APY of a Dual Investment ever change?
The APY will constantly change. However, once the user subscribes to a product, the user will be locked in with the APY at the time of the subscription, and APY for this subscription will no longer change.
The above article can help you quickly complete the quiz to invest in Dual Investment on Binance. However, you need to carefully learn the knowledge and understanding about this investment feature to avoid risks for your account. See also: What is Dual Investment Binance? Detailed instructions on What is Dual Investment Binance? How to make money with Dual Investment?
Read more: Binance