MAS's Mohanty Says Singapore Banks Are Catching Up on Fintech

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has contributed to the growing interest in fintech according to the first section?
The shift from a physical to a digital economy
The decrease in global trade
The decline of traditional banking
The rise of cryptocurrency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What makes Singapore unique as a fintech hub compared to other markets?
Its large population
Its focus on cryptocurrency
Its community-driven ecosystem
Its geographical location
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major challenge for fintech startups as mentioned in the third section?
High competition from traditional banks
Regulatory hurdles
Lack of interest from investors
Funding and innovation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which region is showing strong growth in fintech according to the third section?
Southeast Asia
North America
Australia
Europe
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the predicted future of banking in the next 20-30 years?
Traditional banking will remain unchanged
Banks will completely disappear
Banking processes will become invisible and integrated into daily life
Banks will only exist online
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is deep tech important for Singapore's economy?
It is a trend in the tech industry
It focuses on consumer technology
It reduces the need for human labor
It supports the B2B sector
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does B2B play in Singapore's digital economy?
It is the main driver
It is only relevant to large corporations
It is unrelated to deep tech
It is a minor aspect
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