FIN 461 FINAL EXAM QUESTIONS WITH 100%
VERIFIED ANSWERS!!
AMTD describes the relationship between banks and fintech in all of the following stages
besides:
Banks create fintech sectors and Fintech apply for bank charter.
Banks and Fintech partner in a "Rent a Bank" situation.
Banks sell assets to Fintech to help Fintech get started.
Banks utilize Fintech technology and infrastructure.
All of these are stages that AMTD describes as the relationship between banks and fintech.
Banks sell assets to Fintech to help Fintech get started.
BCBS labels Fintech into three product lines including all but which of the following:
Payments, clearing, and settlement services.
Market support services.
Credit, deposit, and lending services.
Trading services.
All of them are product lines.
All of them are product lines.
Distributed ledger technology (DLT) is designed to:
Document and confirm financial foreign transactions.
Document and confirm U.S. generated financial transactions.
Triggers currencies to be exchanged under certain economies.
Purchase and sell foreign currencies.
Purchase and sell foreign stock.
Document and confirm financial foreign transactions.
In what ways has Fintech changed the way payments are captured from a peer-to-peer
standpoint?
,The utilization of software on phones to share money.
Software to store credit and debit card information.
Businesses ability to collect from customers.
High speed sharing of funds.
All of the options are true.
The utilization of software on phones to share money.
The process of computational tools used to handle tasks traditionally handled by humans is
called
Machine learning
Blockchain
Fintech
Artificial intelligence
Distributed ledger technology
Artificial intelligence
What was the first electronic system that provided real time stock quotes?
NASDAQ
Western Union
Telex
Quotron
Fedwire
Quotron
When compared to euro, gold, and S&P500, crypto-assets historically have:
Higher amounts of daily transactions on average
Lower closing price and market capitalization
Lower price volatility
Lower market risk
All of the options.
,Higher amounts of daily transactions on average
Which industry is most likely affected by fintechs:
Insurance
Banking
Accounting
Brokerage
None of the options.
Banking
IoT is
A device to help with banking transactions.
Collection of devices that can interact with each other.
App to help with trading securities.
The transfer of money between accounts.
All of the options are true.
Collection of devices that can interact with each other.
Distributed ledger technology takes on more of a
top-down approach
franchise approach
decentralized approach
centralized approach
all of the options are true to some extent
decentralized approach
Fintech is changing business-to-business payments by making them:
faster and cheaper
more expensive but accurate
complicated but reliable
, prevent hackers from obtaining data
all of the options are true
faster and cheaper
How do fiat exchanges compare to crypto-to-crypto exchanges?
Both fiat and crypto have to deal with US laws.
Fiat and crypto can avoid USD and the US laws.
Fiat deals with USD while crypto can avoid USD and the laws that come with it.
Crypto deals with USD while fiat can avoid USD and the laws that come with it.
None of the options are true.
Fiat deals with USD while crypto can avoid USD and the laws that come with it.
How should banks respond to the growing dynamics of Fintech?
Focus on getting clients to meet financial advisors.
Place emphasis on investment transactions.
Continue to expand the mobile app ability.
Place emphasis on large loans for interest revenue.
Only allow in-person deposits.
Continue to expand the mobile app ability.
What are the "big C" advantages that retail banks hold over fintech:
Capital, customer, cash
Customer, compliance, capital
Compliance, coin, capital
Customer, compliance, character.
None of the options.
Customer, compliance, capital
Which of the following apps allows users to send money to friends for free?
Venmo
VERIFIED ANSWERS!!
AMTD describes the relationship between banks and fintech in all of the following stages
besides:
Banks create fintech sectors and Fintech apply for bank charter.
Banks and Fintech partner in a "Rent a Bank" situation.
Banks sell assets to Fintech to help Fintech get started.
Banks utilize Fintech technology and infrastructure.
All of these are stages that AMTD describes as the relationship between banks and fintech.
Banks sell assets to Fintech to help Fintech get started.
BCBS labels Fintech into three product lines including all but which of the following:
Payments, clearing, and settlement services.
Market support services.
Credit, deposit, and lending services.
Trading services.
All of them are product lines.
All of them are product lines.
Distributed ledger technology (DLT) is designed to:
Document and confirm financial foreign transactions.
Document and confirm U.S. generated financial transactions.
Triggers currencies to be exchanged under certain economies.
Purchase and sell foreign currencies.
Purchase and sell foreign stock.
Document and confirm financial foreign transactions.
In what ways has Fintech changed the way payments are captured from a peer-to-peer
standpoint?
,The utilization of software on phones to share money.
Software to store credit and debit card information.
Businesses ability to collect from customers.
High speed sharing of funds.
All of the options are true.
The utilization of software on phones to share money.
The process of computational tools used to handle tasks traditionally handled by humans is
called
Machine learning
Blockchain
Fintech
Artificial intelligence
Distributed ledger technology
Artificial intelligence
What was the first electronic system that provided real time stock quotes?
NASDAQ
Western Union
Telex
Quotron
Fedwire
Quotron
When compared to euro, gold, and S&P500, crypto-assets historically have:
Higher amounts of daily transactions on average
Lower closing price and market capitalization
Lower price volatility
Lower market risk
All of the options.
,Higher amounts of daily transactions on average
Which industry is most likely affected by fintechs:
Insurance
Banking
Accounting
Brokerage
None of the options.
Banking
IoT is
A device to help with banking transactions.
Collection of devices that can interact with each other.
App to help with trading securities.
The transfer of money between accounts.
All of the options are true.
Collection of devices that can interact with each other.
Distributed ledger technology takes on more of a
top-down approach
franchise approach
decentralized approach
centralized approach
all of the options are true to some extent
decentralized approach
Fintech is changing business-to-business payments by making them:
faster and cheaper
more expensive but accurate
complicated but reliable
, prevent hackers from obtaining data
all of the options are true
faster and cheaper
How do fiat exchanges compare to crypto-to-crypto exchanges?
Both fiat and crypto have to deal with US laws.
Fiat and crypto can avoid USD and the US laws.
Fiat deals with USD while crypto can avoid USD and the laws that come with it.
Crypto deals with USD while fiat can avoid USD and the laws that come with it.
None of the options are true.
Fiat deals with USD while crypto can avoid USD and the laws that come with it.
How should banks respond to the growing dynamics of Fintech?
Focus on getting clients to meet financial advisors.
Place emphasis on investment transactions.
Continue to expand the mobile app ability.
Place emphasis on large loans for interest revenue.
Only allow in-person deposits.
Continue to expand the mobile app ability.
What are the "big C" advantages that retail banks hold over fintech:
Capital, customer, cash
Customer, compliance, capital
Compliance, coin, capital
Customer, compliance, character.
None of the options.
Customer, compliance, capital
Which of the following apps allows users to send money to friends for free?
Venmo
