CHAPTER 19: FINTECH COMPANIES PRACTICE QUESTIONS
WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS
FSB Correct Answers Financial Stability Board
According to the Financial Stability Board (FSB), fintech is defined as
"technology-enabled innovation in financial services that could result in
new Blank______ with an associated material effect on the provision of
financial services." Correct Answers business models, applications,
processes, or products
fintech companies Correct Answers businesses that focus on innovation
smartphone penetration rate Correct Answers Smartphone subscribers as
a percentage of total population.
Global smartphone penetration has reached ______ percent as of 2022.
Correct Answers 68%
The introduction of the first Blank______ in 2007 is accredited with
launching the mobile revolution. Correct Answers iPhone
During the 2008 financial crisis, regulatory burdens on banks
Blank______ and risk aversion Blank______, causing banks to pull back
from lending activities. Correct Answers increased; increased
, One of the main demand factors for the emergence of fintech has been
the increasing demand for _____________ technology. Correct Answers
mobile
______ are considered digital natives with high technological fluency,
and their optimistic attitude towards technology is aiding the emergence
of fintech. Correct Answers Millennials
A 2017 study by the UBS Evidence Lab found that millennials make
___________ financial transactions per week on average on their
smartphones versus 0.83 through a bank branch. Correct Answers 2.26
In a 2016 survey across businesses, Blank______ percent of the
respondents feared some part of their business was at risk to fintech, and
Blank______ percent of the executives believed consumer banking was
the sector most likely to be disrupted by fintechs. Correct Answers 76;
73
The Blank______ interest rate environment put Blank______ pressure
on profits and Blank______ the incentives for financial institutions to
Blank______ costs. Correct Answers low; downward; increased; cut
In comparison to retail banks, Fintechs are considered to be more agile,
more innovative, and Correct Answers have a greater technology
infrastructure to better service their customers.
WITH DETAILED VERIFIED AND 100% ACCURATE
ANSWERS
FSB Correct Answers Financial Stability Board
According to the Financial Stability Board (FSB), fintech is defined as
"technology-enabled innovation in financial services that could result in
new Blank______ with an associated material effect on the provision of
financial services." Correct Answers business models, applications,
processes, or products
fintech companies Correct Answers businesses that focus on innovation
smartphone penetration rate Correct Answers Smartphone subscribers as
a percentage of total population.
Global smartphone penetration has reached ______ percent as of 2022.
Correct Answers 68%
The introduction of the first Blank______ in 2007 is accredited with
launching the mobile revolution. Correct Answers iPhone
During the 2008 financial crisis, regulatory burdens on banks
Blank______ and risk aversion Blank______, causing banks to pull back
from lending activities. Correct Answers increased; increased
, One of the main demand factors for the emergence of fintech has been
the increasing demand for _____________ technology. Correct Answers
mobile
______ are considered digital natives with high technological fluency,
and their optimistic attitude towards technology is aiding the emergence
of fintech. Correct Answers Millennials
A 2017 study by the UBS Evidence Lab found that millennials make
___________ financial transactions per week on average on their
smartphones versus 0.83 through a bank branch. Correct Answers 2.26
In a 2016 survey across businesses, Blank______ percent of the
respondents feared some part of their business was at risk to fintech, and
Blank______ percent of the executives believed consumer banking was
the sector most likely to be disrupted by fintechs. Correct Answers 76;
73
The Blank______ interest rate environment put Blank______ pressure
on profits and Blank______ the incentives for financial institutions to
Blank______ costs. Correct Answers low; downward; increased; cut
In comparison to retail banks, Fintechs are considered to be more agile,
more innovative, and Correct Answers have a greater technology
infrastructure to better service their customers.
