Fintech Final Exam questions and
answers rated A+ (latest update)
What is Fintech? - ANS ✔✔Use of technology to solve financial services problems
Financial Services - ANS ✔✔◦Commercial Banking
◦Lending
◦Payments
◦Investment Banking
◦Wealth Management
◦Insurance and Credit
◦Financial Regulation
Application Programming Interface (API) - ANS ✔✔A software interface enabling two or more
computer programs to communicate
Artificial Intelligence (AI) and Machine Learning - ANS ✔✔Use of computers to detect trends
and make predictions/suggestions
Blockchain - ANS ✔✔Use of independent computers to record, verify and synchronize
transactions
Cloud computing - ANS ✔✔Remote data processing
Edge computing - ANS ✔✔Faster and more comprehensive data analysis at source
,Market Types - ANS ✔✔Primary vs Secondary Markets
Broker vs Dealer Markets
Role of Financial Intermediaries - ANS ✔✔Information Asymmetries
Moral Hazard
Adverse Selection
Importance of Financial Institutions - ANS ✔✔Intermediation
Diversification
Information and Contracting Efficiencies
Payments
Security
Cost Savings
Financial Institutions - ANS ✔✔Commercial Banks
Investment Banks
Credit Unions
Central Banks
Insurance Companies, Finance Companies, Hedge Funds, Mutual Funds, ETFs
, Shadow Banking: Other Financial Intermediaries
Commercial Bank Services-Retail - ANS ✔✔Checking and savings accounts
Certificates of deposit
Mortgages on residential and investment properties
Home equity and other lines of credit
Credit card lending
Student loans
New and used car, motorcycle and boat loans
Foreign exchange and remittance transfers
Stock brokerage
Wealth management
Private banking
Insurance
Commercial Bank Services-Institutional - ANS ✔✔Loans to financial and non-financial
companies and governments
Cash management and other corporate treasury services
Leasing
Commercial real estate
Trade finance - letters of credit, bill collection, and factoring.
Human resources services
Commercial Bank Services-Risks - ANS ✔✔Credit risk
answers rated A+ (latest update)
What is Fintech? - ANS ✔✔Use of technology to solve financial services problems
Financial Services - ANS ✔✔◦Commercial Banking
◦Lending
◦Payments
◦Investment Banking
◦Wealth Management
◦Insurance and Credit
◦Financial Regulation
Application Programming Interface (API) - ANS ✔✔A software interface enabling two or more
computer programs to communicate
Artificial Intelligence (AI) and Machine Learning - ANS ✔✔Use of computers to detect trends
and make predictions/suggestions
Blockchain - ANS ✔✔Use of independent computers to record, verify and synchronize
transactions
Cloud computing - ANS ✔✔Remote data processing
Edge computing - ANS ✔✔Faster and more comprehensive data analysis at source
,Market Types - ANS ✔✔Primary vs Secondary Markets
Broker vs Dealer Markets
Role of Financial Intermediaries - ANS ✔✔Information Asymmetries
Moral Hazard
Adverse Selection
Importance of Financial Institutions - ANS ✔✔Intermediation
Diversification
Information and Contracting Efficiencies
Payments
Security
Cost Savings
Financial Institutions - ANS ✔✔Commercial Banks
Investment Banks
Credit Unions
Central Banks
Insurance Companies, Finance Companies, Hedge Funds, Mutual Funds, ETFs
, Shadow Banking: Other Financial Intermediaries
Commercial Bank Services-Retail - ANS ✔✔Checking and savings accounts
Certificates of deposit
Mortgages on residential and investment properties
Home equity and other lines of credit
Credit card lending
Student loans
New and used car, motorcycle and boat loans
Foreign exchange and remittance transfers
Stock brokerage
Wealth management
Private banking
Insurance
Commercial Bank Services-Institutional - ANS ✔✔Loans to financial and non-financial
companies and governments
Cash management and other corporate treasury services
Leasing
Commercial real estate
Trade finance - letters of credit, bill collection, and factoring.
Human resources services
Commercial Bank Services-Risks - ANS ✔✔Credit risk
