Test Bank for Financial Markets & Institutions 14th Edition By Jeff Madura

Test Bank For
Financial Markets &
th
Institutions 14 Edition By
Jeff Madura
(All Chapters 1-27, 100%
Original Verified, A+ Grade)
All Chapters Arranged
Reverse: 27-1
This is The Original Test Bank
For 14th Edition, All other
Files in The Market are
Fake/Old/Wrong Edition.

,Name: Class: Date:

Chapter_27_Fintech in Financial Markets

Indicate the answer choice that best completes the statement or answers the question.
1. What does the term “fintech” refer to?
a. Financial intermediaries
b. Cutting-edge financial products and services
c. Government regulations of technology
d. Accounting systems

ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: FMAI.MADU.25.27.01 - Describe the origins of fintech.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Remember

2. What technology enabled the electronic transfer of money in the 19th century?
a. Telegraph
b. ATM machine
c. Bitcoin
d. Internet

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: FMAI.MADU.25.27.01 - Describe the origins of fintech.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Remember




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,Name: Class: Date:

Chapter_27_Fintech in Financial Markets

3. What led to the explosive growth of fintech?
a. Slow economic growth
b. High interest rates
c. Rapid advancements in digital technology
d. Tighter regulations

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: FMAI.MADU.25.27.01 - Describe the origins of fintech.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Understand

4. What enabled online bill payment and money transfers in the 1990s?
a. Ethereum
b. Internet
c. Cloud computing
d. Mainframe computers

ANSWER: b
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: FMAI.MADU.25.27.01 - Describe the origins of fintech.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Remember

5. What allowed early bitcoin mining using regular computers?
a. Cloud computing
b. Lower bitcoin prices
c. Less processing power required
d. Access to banking data

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: FMAI.MADU.25.27.02 - Describe the implementation of blockchain technology.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Understand


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, Name: Class: Date:

Chapter_27_Fintech in Financial Markets

6. How does distributed data storage enhance blockchain security?
a. By encrypting data
b. By hiding IP addresses
c. By multiplying the difficulty of hacking the system using multiple nodes
d. By blocking malware

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: FMAI.MADU.25.27.02 - Describe the implementation of blockchain technology.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Understand

7. How does blockchain prevent data tampering by hackers?
a. Encryption protocols used by hackers
b. Hackers could access credential checks.
c. Hackers could typically access one node but the system’s consensus mechanism requires a majority of
nodes before data is altered.
d. Firewall protections exploited by hackers

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: FMAI.MADU.25.27.02 - Describe the implementation of blockchain technology.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Understand

8. In which type of blockchain can any user add data?
a. Private blockchains
b. Public blockchains
c. Permissionless blockchains
d. Corporate blockchains

ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: FMAI.MADU.25.27.02 - Describe the implementation of blockchain technology.
NATIONAL STANDARDS: BUSPROG.FMAI.MADU.21.03
STATE STANDARDS: DISC.FMAI.MADU.21.02
KEYWORDS: Bloom’s: Remember

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