FINTECH STUDY GUIDE QUIZ 1 QUESTIONS WITH
DETAILED VERIFIED AND 100% ACCURATE ANSWERS
The Financial Stability Board defines fintech as "technology-enabled
innovation in financial servicesthat could result in new business models,
applications, processes or products with an associated________ effect
on the provision of financial services." Correct Answers material
What measures the fintech users as a percentage of the digitally active
population? Correct Answers Fintech adoption rate
Open Banking standards do all but which of the following? Correct
Answers Eliminate all risk in the online banking system
______ are online services that use algorithms to automatically perform
many investment tasksdone 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
theplatform. 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
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.
A ______ is an application that runs exactly as programmed without any
possibility of downtime,censorship, fraud, or third-party interference.
Correct Answers smart contract
The financial crisis of 2008 eventually led to the growth of fintech.
Which of the following is a truestatement regarding this causal
relationship? Correct Answers The pullback of banks during the crises
was due to increases in regulatory burdens andrisk aversion, which
allowed new fintech players to enter the marketplace.
By 2019, global smartphone penetration reached: Correct Answers 66.9
percent.
In 2011, the introduction of Google Wallet (which later became Google
Pay) allowed consumers touse smartphones equipped with near-field
communication chips to make: Correct Answers tap payments.
DETAILED VERIFIED AND 100% ACCURATE ANSWERS
The Financial Stability Board defines fintech as "technology-enabled
innovation in financial servicesthat could result in new business models,
applications, processes or products with an associated________ effect
on the provision of financial services." Correct Answers material
What measures the fintech users as a percentage of the digitally active
population? Correct Answers Fintech adoption rate
Open Banking standards do all but which of the following? Correct
Answers Eliminate all risk in the online banking system
______ are online services that use algorithms to automatically perform
many investment tasksdone 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
theplatform. 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
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.
A ______ is an application that runs exactly as programmed without any
possibility of downtime,censorship, fraud, or third-party interference.
Correct Answers smart contract
The financial crisis of 2008 eventually led to the growth of fintech.
Which of the following is a truestatement regarding this causal
relationship? Correct Answers The pullback of banks during the crises
was due to increases in regulatory burdens andrisk aversion, which
allowed new fintech players to enter the marketplace.
By 2019, global smartphone penetration reached: Correct Answers 66.9
percent.
In 2011, the introduction of Google Wallet (which later became Google
Pay) allowed consumers touse smartphones equipped with near-field
communication chips to make: Correct Answers tap payments.
