Fintech Final Preview

What is fintech short for?

• Financial technology

• Financial transaction

• Financial transaction technology

• Financial institution

Which technology is commonly used in the fintech industry to automate financial processes and decision-making?

• Artificial Intelligence (AI)

• Virtual Reality (VR)

• Augmented Reality (AR)

• Blockchain

What is the primary goal of a fintech ecosystem?

• To create a digital currency

• To bring together financial institutions and technology companies

• To eliminate traditional banks

• To provide physical banking services

Which of the following is a key advantage of using blockchain technology in finance?

• Slower transaction processing

• Centralized control

• Enhanced security and transparency

• Lack of record-keeping

What is the term for a government-issued currency, such as the US dollar or the Euro?

• Cryptocurrency

• Fiat currency

• Digital currency

• Virtual currency

Which digital currency is often referred to as "digital gold" and is known for its decentralized nature and limited supply?

• Bitcoin

• Ethereum

• Ripple (XRP)

• Litecoin

What technology underlies cryptocurrencies like Bitcoin and ensures the integrity of the transaction ledger?

• Virtual Reality (VR)

• Augmented Reality (AR)

• Blockchain

• Artificial Intelligence (AI)

Which of the following is an example of a cryptocurrency other than Bitcoin?

• US Dollar (USD)

• Euro (EUR)

• Ethereum (ETH)

• Japanese Yen (JPY)

What is the process by which financial institutions use AI to analyze large datasets and predict financial trends and risks?

• Artificial Intelligence (AI)

• Machine Learning (ML)

• Deep Learning (DL)

• Natural Language Processing (NLP)

What type of technology is used in fintech apps to securely verify a user's identity using physical or behavioral traits?

• Augmented Reality (AR)

• Virtual Reality (VR)

• Biometrics

• Cryptocurrency