Finance FTA 4003

All the following are core key pieces of utility which banks have traditionally provided EXCEPT: Question 4 options: 1) A value store 2) Money movement 3) Access to credit 4) Money storage 5) 24/7 services

24/7 services

What are the 3 core key pieces of utility that banks traditionally provided? Question options: 1) A value store, access to credit, & money movement 2) Access to credit, access to debt, & money movement 3) A value store, access to credit, & loans 4) Money movement, access to debt, & debit cards 5) None of the above

A value store, access to credit, & money movement

Terms that relate to open banking include: Question 3 options: 1) APIs - Application programming interfaces 2) VPN - Virtual Private Network 3) CGI - Computer generated imagery 4) TPPs - Third party providers 5) Answers a and d are correct. 6) Answers b and c are correct.

Answers a and d are correct.

What is meant by "the first principles of product design? Question options: 1) Back to the basic for redesigning well-worn concepts and starting from scratch 2) Substaining your Core concepts that have worked and increased your revenues 3) Using processes that customers have use for the last decade 4) None of the above

Back to the basic for redesigning well-worn concepts and starting from scratch

The 2008 financial crisis was an opening opportunity for the FinTech revolution to take off. According to Mearian (2017), what of the following was influenced by the 2008 financial crisis? Question options: 1) Commerce, payments, investments, asset management, and insurance provided the opportunity for new start-ups to emerge. 2) Large corporations, small businesses, international exchanges between companies. 3) FinTech has always existed; therefore the 2008 crisis did not really start a revolution. 4) FinTech reshaped the way business are handled. All industries have been affected by this revolution and some have experienced negative returns since then. 5) Commerce, payments, international exchanges, investments and lender companies.

Commerce, payments, investments, asset management, and insurance provided the opportunity for new start-ups to emerge.

Which of the following is not a part of banking 4.0? Question options: 1) Banking solutions in real time 2) Banking experiences across the digital landscape 3) Ability of FinTech startups to create faster and cheaper experiences than banks 4) AI and cryptocurrencies 5) Face to face banking

Face to face banking

What is one of the most important areas for FinTech companies that operate in developing markets? Question options: 1) Financial inclusion. 2) Insurtech. 3) Better serving those who already have banking experience. 4) Robo-advising. 5) Providing smart contracts.

Financial inclusion

In what country is there a near 100% chance that every adult uses mobile banking today? Question options: 1) U.S. 2) UK 3) China 4) Kenya 5) Canada

Kenya

Which family is largely attributed as having invented modern banking? Question 10 options: 1) Medici Family 2) Garibaldi Family 3) Dolce Family 4) Berlusconi Family 5) Armani Family

Medici

Of the following, which is a function of banks? Question options: 1) Provide Loans (Access to credit) 2) Take risks for profit on behalf of depositors 3) Be a store of value 4) Cater to business needs 5) None of the above

Provide Loans (Access to credit)

What are the two financial crises that happened in 2007-2009, which resulted in an unusually high (for the U.S.) unemployment rate and caused the banking system to fail in the United States? Question 6 options: 1) Black Friday and Cyber Monday. 2) The Great Recession of 2008 and the Great Depression. 3) The Great Depression and The Hyperinflation Era. 4) Black Friday and the Great Depression. 5) None of the answer combinations listed above are correct.

The Great Recession of 2008 and the Great Depression.

Which of the following describes a value store? Question options: 1) The ability to move your money safely 2) The ability to loan money when you need it 3) The ability to store money safely 4) The ability to make money safely 5) None of the above

The ability to store money safely

Which of the following are three core pieces of utility for banks: Question 4 options: 1) Value Store 2) Money Movement 3) Access to Credit 4) Investments 5) ONLY A, B, and C

abc

In regards of the characteristics of money. What is the ability to borrow money whenever you need it? Question 10 options: 1) Family wealth 2) Trust funds 3) Company's credit card 4) Access to credit 5) Store value

access to credit

This refers to being able to have the ability to loan your money when you need to. Question 7 options: 1) Access to credit 2) Money Movement 3) A Value store 4) Transfer of payments 5) None of the above

access to credit

The following are disruptions of Fintech: Question 2 options: 1) Growth of online shopping 2) Artificial Intelligence 3) New Trading platforms 4) Insurance Products 5) All of the above

all the above

Which of the following are disruptors that are encouraging the FinTech revolution? Question 1 options: 1) The growing acceptance of online shopping. 2) Artificial Intelligence. 3) New trading platforms. 4) Insurance products. 5) All of the above.

all the above

Wernher von Braun wanted to surrender to which Allied country? Question 5 options: 1) Russia 2) England 3) France 4) America 5) Italy

america

is on track to become the largest single financial institution in the world. Question 5 options: 1) US-based Moneygram 2) Korea's Kakao Pay 3) Ant Financial 4) Phillippine's GCash (Globe Telecom) 5) Paytm in India

ant financial

All of the following are forms of AI we are using as consumers except for: Question options: 1) Siri 2) Alexa 3) Cortana 4) Google Assistant 5) Bing

bing

Which of the following does not use a FinTech service? Question 6 options: 1) Purchasing stocks. 2) Crowdfunding. 3) Budgeting and bookkeeping. 4) Cryptocurrency. 5) Cash payments.

cash

Which country is leading the world in the mobile payment space? Question 2 options: 1) United States 2) United Kingdom 3) Japan 4) China 5) None of the above

china

What is the term for digital currency that uses encryption? Question 9 options: 1) Bitcoin 2) Ethereum 3) Blockchain 4) Cryptocurrency 5) Insurtech

crytocurrency

Over the centuries, banks have traditionally provided these three core key pieces of utility EXCEPT _____. Question 1 options: 1) A value Store 2) Access to credit 3) Currency creation 4) Money Movement 5) None of the above

currency creation

People who understand the principles of money and banking are more likely to lead happy, successful, and fulfilling lives than those who remain ____ about them Question 3 options: 1) More knowledgeable 2) Ignorant 3) Updated 4) A & C 5) None of the above Previous PageNext Page

ignorant

Which of the following isn't a problem with modern signature based security for bank forms? Question 7 options: 1) Not truly unique 2) Aren't regularly verified 3) Easily copied 4) Banks often trust the first signature that they get 5) It is physically there/not digital

it is physically there not digital

The philosophy of first principles design is associated with all but which influential figures? Question 8 options: 1) Steve Jobs 2) Elon Musk 3) Wernher von Braun 4) Johnson, from Johnson & Johnson 5) All of the above used the philosophy of first principles design.

johnson

In first principles, utility is ____" Question 9 options: 1) First 2) King 3) Fast 4) Easy 5) Safe

king