FINA 3317 - CHAPTER 19 QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
What measures the fintech users as a percentage of the digitally active
population? Correct Answers Fintech adoption rate
2) The Financial Stability Board defines fintech as "technology-enabled
innovation in financial services that could result in new business models,
applications, processes or products with an associated ________ effect
on the provision of financial services." Correct Answers material
Open Banking standards do all but which of the following? Correct
Answers Eliminate all risk in the online banking system
Open Banking and PSD2 have catalyzed the development of ______
which provide financial APIs to help incumbent banks comply and
compete. Correct Answers fintech utilities
______ are online services that use algorithms to automatically perform
many investment tasks done by a human financial advisor. Correct
Answers Robo-advisors
Which of the following regarding banking-as-a-service is/are true?
I. It has restricted the financial transparency options for account holders.
II. It is an end-to-end process that allows fintechs and other third parties
to connect with banks' systems directly via APIs.
, III. The process begins with a fintech or other third-party provider
paying a fee to access the platform. Correct Answers II and III only
The advantages of the establishment of the NASDAQ include which of
the following?
I. It helped reduce the bid-ask spread.
II. It ended fixed securities commissions.
III. It led to the proliferation of ATMs. Correct Answers I and II only
The number of bank branches in the U.S. grew steadily from
approximately ______ in 1948 to over ______ in 2008. Correct Answers
4,200; 82,400
The ______, which was first released in June 2007, is attributed with
launching the mobile revolution. Correct Answers iPhone
Which of the following is not one of the advantages that retail banks
maintain over fintechs? Correct Answers Banks are known for having
greater agility and a more innovative mindset.
Which of the following is true regarding the digital crypto exchange
platforms? Correct Answers Due to regulation, fiat exchanges have
limited trading pairs.
VERIFIED AND 100% ACCURATE ANSWERS
What measures the fintech users as a percentage of the digitally active
population? Correct Answers Fintech adoption rate
2) The Financial Stability Board defines fintech as "technology-enabled
innovation in financial services that could result in new business models,
applications, processes or products with an associated ________ effect
on the provision of financial services." Correct Answers material
Open Banking standards do all but which of the following? Correct
Answers Eliminate all risk in the online banking system
Open Banking and PSD2 have catalyzed the development of ______
which provide financial APIs to help incumbent banks comply and
compete. Correct Answers fintech utilities
______ are online services that use algorithms to automatically perform
many investment tasks done by a human financial advisor. Correct
Answers Robo-advisors
Which of the following regarding banking-as-a-service is/are true?
I. It has restricted the financial transparency options for account holders.
II. It is an end-to-end process that allows fintechs and other third parties
to connect with banks' systems directly via APIs.
, III. The process begins with a fintech or other third-party provider
paying a fee to access the platform. Correct Answers II and III only
The advantages of the establishment of the NASDAQ include which of
the following?
I. It helped reduce the bid-ask spread.
II. It ended fixed securities commissions.
III. It led to the proliferation of ATMs. Correct Answers I and II only
The number of bank branches in the U.S. grew steadily from
approximately ______ in 1948 to over ______ in 2008. Correct Answers
4,200; 82,400
The ______, which was first released in June 2007, is attributed with
launching the mobile revolution. Correct Answers iPhone
Which of the following is not one of the advantages that retail banks
maintain over fintechs? Correct Answers Banks are known for having
greater agility and a more innovative mindset.
Which of the following is true regarding the digital crypto exchange
platforms? Correct Answers Due to regulation, fiat exchanges have
limited trading pairs.
