Fintech Midterm

Fintech Midterm

University

50 Qs

quiz-placeholder

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Fintech Midterm

Fintech Midterm

Assessment

Quiz

Other

University

Easy

Created by

Renz Hector

Used 1+ times

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "FinTech" stand for?

Financial Technologies

Financial Transaction

Financial Technology

Financial Tracking

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which decade did the term "FinTech" gain widespread usage?

1980s

1990s

2000s

2010s

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which year saw the launch of PayPal, one of the earliest FinTech platforms?

1998

2001

2005

2010

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the Dodd-Frank Wall Street Reform and Consumer Protection Act in the context of FinTech?

It introduced the concept of Bitcoin

It laid the foundation for FinTech regulation

It facilitated the first ICO

It established the first blockchain consortium

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary driver of FinTech growth related to consumer behavior?

Preference for traditional banking

Resistance to digital transactions

Demand for personalized and convenient financial services

Lack of interest in mobile apps

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a regulatory driver influencing FinTech development?

Increased bureaucracy

Regulatory sandbox programs

Limiting innovation

Prohibition of digital transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of FinTech companies in disrupting traditional financial services?

Maintaining status quo

Encouraging manual transactions

Innovating and improving financial services

Reducing digital accessibility

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