FTA 4003 MID TERM QUESTIONS WITH DETAILED
VERIFIED AND 100% ACCURATE ANSWERS
7 Correct Answers According to "What is FinTech - The RichTalk
Series (Part 1)," global revenue for FinTech companies has doubled over
the past _______ years.
True Correct Answers TRUE or FALSE: According to "What is
FinTech - The RichTalk Series (Part 1)," FinTech is popular because it
makes financial services for consumers and businesses easier, faster,
more convenient and more secure.
Significantly higher than Correct Answers According to "What is
FinTech - The RichTalk Series (Part 1)," the Net Promoter Score for
FinTech companies is _________________________ the Net Promoter
Score for Banks.
Keeping customer deposits secure Correct Answers According to
"Banking and FinTech - The RichTalk Series (Part 2)," the greatest
challenge for banks has always been _______________.
False Correct Answers TRUE or FALSE: According to "What is
FinTech - The RichTalk Series (Part 1)," FinTech is a relatively new
phenomenon that first appeared about 14 years ago.
True Correct Answers TRUE or FALSE: According to "Banking and
FinTech - The RichTalk Series (Part 2)," banks efficient allocate funds
from savers to borrowers by reducing the risk and increasing the
economic efficiency of such transfers.
,True Correct Answers TRUE or FALSE: According to "Banking and
FinTech - The RichTalk Series (Part 2)," the first metal coins, which
were basically lumps of silver, appeared in Turkey and later in Greece,
Persia, Macedonia and Rome around 500 B.C.
Tracing transactions Correct Answers All of these are barriers to
adopting electronic payments EXCEPT?
Question options:
Limited access to digital payment products
Inadequate digital infrastructure
Cultural and habitual attachments to cash
Tracing transactions
Security and privacy concerns
Paying Bills Online Correct Answers All of the following are listed as
consumer time spending in the article EXCEPT
Question options:
Visiting a Bank
Getting Cash from an ATM
Paying Bills Online
Balancing a Checkbook
Paying Bills in person
, A & C Correct Answers Which of the following are direct costs that the
government will incur if they do accept digital payments?
Question options:
Equipping acceptance locations with terminals and other infrastructure
Creating rules that will be authorized for payment methods to be
implemented
IT systems upgrades to track payment receipts and disbursals in real
time
A&B
A&C
69% Correct Answers In the Cashless Cities report, studies estimate that
cities reaching their achievable cashless level will see what on average
reduction in cash related crimes?
Increase Correct Answers Residents under the age of 35, are expected to
__________ their use of digital payments.
Opportunity cost of only accepting credit cards Correct Answers
Analysis shows that there are a variety of costs borne by consumers,
businesses and governments in using cash. Which one is NOT the
following ?
Question options:
Transportation, security, and banking expenses.
Handling, counting, and processing costs.
Theft, shortages, and counterfeit money.
VERIFIED AND 100% ACCURATE ANSWERS
7 Correct Answers According to "What is FinTech - The RichTalk
Series (Part 1)," global revenue for FinTech companies has doubled over
the past _______ years.
True Correct Answers TRUE or FALSE: According to "What is
FinTech - The RichTalk Series (Part 1)," FinTech is popular because it
makes financial services for consumers and businesses easier, faster,
more convenient and more secure.
Significantly higher than Correct Answers According to "What is
FinTech - The RichTalk Series (Part 1)," the Net Promoter Score for
FinTech companies is _________________________ the Net Promoter
Score for Banks.
Keeping customer deposits secure Correct Answers According to
"Banking and FinTech - The RichTalk Series (Part 2)," the greatest
challenge for banks has always been _______________.
False Correct Answers TRUE or FALSE: According to "What is
FinTech - The RichTalk Series (Part 1)," FinTech is a relatively new
phenomenon that first appeared about 14 years ago.
True Correct Answers TRUE or FALSE: According to "Banking and
FinTech - The RichTalk Series (Part 2)," banks efficient allocate funds
from savers to borrowers by reducing the risk and increasing the
economic efficiency of such transfers.
,True Correct Answers TRUE or FALSE: According to "Banking and
FinTech - The RichTalk Series (Part 2)," the first metal coins, which
were basically lumps of silver, appeared in Turkey and later in Greece,
Persia, Macedonia and Rome around 500 B.C.
Tracing transactions Correct Answers All of these are barriers to
adopting electronic payments EXCEPT?
Question options:
Limited access to digital payment products
Inadequate digital infrastructure
Cultural and habitual attachments to cash
Tracing transactions
Security and privacy concerns
Paying Bills Online Correct Answers All of the following are listed as
consumer time spending in the article EXCEPT
Question options:
Visiting a Bank
Getting Cash from an ATM
Paying Bills Online
Balancing a Checkbook
Paying Bills in person
, A & C Correct Answers Which of the following are direct costs that the
government will incur if they do accept digital payments?
Question options:
Equipping acceptance locations with terminals and other infrastructure
Creating rules that will be authorized for payment methods to be
implemented
IT systems upgrades to track payment receipts and disbursals in real
time
A&B
A&C
69% Correct Answers In the Cashless Cities report, studies estimate that
cities reaching their achievable cashless level will see what on average
reduction in cash related crimes?
Increase Correct Answers Residents under the age of 35, are expected to
__________ their use of digital payments.
Opportunity cost of only accepting credit cards Correct Answers
Analysis shows that there are a variety of costs borne by consumers,
businesses and governments in using cash. Which one is NOT the
following ?
Question options:
Transportation, security, and banking expenses.
Handling, counting, and processing costs.
Theft, shortages, and counterfeit money.
