Fintech Midterm || with Complete Solutions.
What advancement in banking has led to the percentage of people in Kenya with bank accounts to rise from 30% to nearly 100%? correct answers Mobile Money Accounts
Which of the following are the two (2) major financial crises that resulted in an unusually high (for the U.S.) unemployment rate and caused the banking system to fail in the United States? correct answers The Great Recession of 2008 and the Great Depression.
The banking system we have today is a direct descendent from which of the following time periods? correct answers The Middle Ages
Which country is leading the world in the mobile payment space? correct answers China
Banks have provided three core key pieces of utility: correct answers A value store, money movement and access to credit
What is "first principles thinking" based in? correct answers Physics of the design
The following are examples of first principles except: correct answers Apple
Which of the following isn't a problem with modern signature based security for bank forms? correct answers It is physically there/not digital
Which of the following does not use a FinTech service? correct answers Cash Payments
Everyone can _____ their lives by understanding the financial system and their roles in it correct answers Improve
Ordinary (non-securitized) loans cannot be resold after they have been granted by a bank or another lender. Therefore, these loans are correct answers financial assets but not financial securities.
What does Spiros Margaris (Tedx, 2017) say tech is dead without? correct answers People
FinTech is disrupting almost every financial industry around the world, but some more than others. To which industry has FinTech made the largest disruption? correct answers Banking
The Fed and Treasury took action to restore the flow of funds from savers to borrowers in order to encourage all of the following EXCEPT correct answers increase the return to savers.
The financial system provides risk sharing by allowing correct answers savers to hold many assets
The distinguishing feature of a well-functioning financial market is the correct answers incorporation of available information into asset prices. Economists define liquidity as correct answers the ease with which an asset can be exchanged for
money.
Financial securities that represent partial ownership of a corporation are known as correct answers stocks
Monetary policy refers to the government's correct answers management of the money supply and interest rates to achieve macroeconomic objectives.
FinTech companies are creating competitive pressure and building competition in the financial industry that is causing banks to change. This trend is being encouraged by: correct answers regulators encouraging financial technology companies to flourish.
The leading federal regulatory body for financial markets in the United States is the correct answers Securities and Exchange Commission.
The Troubled Asset Relief Program (TARP) allowed correct answers the Treasury to inject funds
into commercial banks in return for stock in the banks.
Which of the following forms the largest share of household holdings of financial assets? correct answers pension fund reserves
Funds flow from lenders to borrowers correct answers indirectly through financial intermediaries.
Increased liquidity in recent decades has reduced interest rates on which of the following assets (holding constant all other things that affect interest rates)? correct answers business loans
A decline in bank lending has the most significant effect on correct answers small businesses
FinTech offers a lot to consumers by taking risk to provide: correct answers transparency and lower costs, better solutions than big banks and helping those who are underbanked.
Which firm did the Treasury allow to fail during the financial crisis? correct answers Bear Sterns
The financial system is primarily a means by which correct answers funds are transferred from savers to borrowers.
The process by which investment banks guarantee a certain price to a firm issuing stocks or bonds is known as correct answers underwriting
The use of checks in transactions correct answers avoids the cost of transporting currency back and forth.
What advancement in banking has led to the percentage of people in Kenya with bank accounts to rise from 30% to nearly 100%? correct answers Mobile Money Accounts
Which of the following are the two (2) major financial crises that resulted in an unusually high (for the U.S.) unemployment rate and caused the banking system to fail in the United States? correct answers The Great Recession of 2008 and the Great Depression.
The banking system we have today is a direct descendent from which of the following time periods? correct answers The Middle Ages
Which country is leading the world in the mobile payment space? correct answers China
Banks have provided three core key pieces of utility: correct answers A value store, money movement and access to credit
What is "first principles thinking" based in? correct answers Physics of the design
The following are examples of first principles except: correct answers Apple
Which of the following isn't a problem with modern signature based security for bank forms? correct answers It is physically there/not digital
Which of the following does not use a FinTech service? correct answers Cash Payments
Everyone can _____ their lives by understanding the financial system and their roles in it correct answers Improve
Ordinary (non-securitized) loans cannot be resold after they have been granted by a bank or another lender. Therefore, these loans are correct answers financial assets but not financial securities.
What does Spiros Margaris (Tedx, 2017) say tech is dead without? correct answers People
FinTech is disrupting almost every financial industry around the world, but some more than others. To which industry has FinTech made the largest disruption? correct answers Banking
The Fed and Treasury took action to restore the flow of funds from savers to borrowers in order to encourage all of the following EXCEPT correct answers increase the return to savers.
The financial system provides risk sharing by allowing correct answers savers to hold many assets
The distinguishing feature of a well-functioning financial market is the correct answers incorporation of available information into asset prices. Economists define liquidity as correct answers the ease with which an asset can be exchanged for
money.
Financial securities that represent partial ownership of a corporation are known as correct answers stocks
Monetary policy refers to the government's correct answers management of the money supply and interest rates to achieve macroeconomic objectives.
FinTech companies are creating competitive pressure and building competition in the financial industry that is causing banks to change. This trend is being encouraged by: correct answers regulators encouraging financial technology companies to flourish.
The leading federal regulatory body for financial markets in the United States is the correct answers Securities and Exchange Commission.
The Troubled Asset Relief Program (TARP) allowed correct answers the Treasury to inject funds
into commercial banks in return for stock in the banks.
Which of the following forms the largest share of household holdings of financial assets? correct answers pension fund reserves
Funds flow from lenders to borrowers correct answers indirectly through financial intermediaries.
Increased liquidity in recent decades has reduced interest rates on which of the following assets (holding constant all other things that affect interest rates)? correct answers business loans
A decline in bank lending has the most significant effect on correct answers small businesses
FinTech offers a lot to consumers by taking risk to provide: correct answers transparency and lower costs, better solutions than big banks and helping those who are underbanked.
Which firm did the Treasury allow to fail during the financial crisis? correct answers Bear Sterns
The financial system is primarily a means by which correct answers funds are transferred from savers to borrowers.
The process by which investment banks guarantee a certain price to a firm issuing stocks or bonds is known as correct answers underwriting
The use of checks in transactions correct answers avoids the cost of transporting currency back and forth.
