FINTECH FINAL EXAM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
What is Fintech? Correct Answers Use of technology to solve financial
services problems
Financial Services Correct Answers ◦Commercial Banking
◦Lending
◦Payments
◦Investment Banking
◦Wealth Management
◦Insurance and Credit
◦Financial Regulation
Application Programming Interface (API) Correct Answers A software
interface enabling two or more computer programs to communicate
Artificial Intelligence (AI) and Machine Learning Correct Answers Use
of computers to detect trends and make predictions/suggestions
Blockchain Correct Answers Use of independent computers to record,
verify and synchronize transactions
Cloud computing Correct Answers Remote data processing
Edge computing Correct Answers Faster and more comprehensive data
analysis at source
,Market Types Correct Answers Primary vs Secondary Markets
Broker vs Dealer Markets
Role of Financial Intermediaries Correct Answers Information
Asymmetries
Moral Hazard
Adverse Selection
Importance of Financial Institutions Correct Answers Intermediation
Diversification
Information and Contracting Efficiencies
Payments
Security
Cost Savings
Financial Institutions Correct Answers 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 Correct Answers 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 Correct Answers Loans to
financial and non-financial companies and governments
Cash management and other corporate treasury services
VERIFIED AND 100% ACCURATE ANSWERS
What is Fintech? Correct Answers Use of technology to solve financial
services problems
Financial Services Correct Answers ◦Commercial Banking
◦Lending
◦Payments
◦Investment Banking
◦Wealth Management
◦Insurance and Credit
◦Financial Regulation
Application Programming Interface (API) Correct Answers A software
interface enabling two or more computer programs to communicate
Artificial Intelligence (AI) and Machine Learning Correct Answers Use
of computers to detect trends and make predictions/suggestions
Blockchain Correct Answers Use of independent computers to record,
verify and synchronize transactions
Cloud computing Correct Answers Remote data processing
Edge computing Correct Answers Faster and more comprehensive data
analysis at source
,Market Types Correct Answers Primary vs Secondary Markets
Broker vs Dealer Markets
Role of Financial Intermediaries Correct Answers Information
Asymmetries
Moral Hazard
Adverse Selection
Importance of Financial Institutions Correct Answers Intermediation
Diversification
Information and Contracting Efficiencies
Payments
Security
Cost Savings
Financial Institutions Correct Answers 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 Correct Answers 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 Correct Answers Loans to
financial and non-financial companies and governments
Cash management and other corporate treasury services
