FinTech Payment Systems Post Test

FinTech Payment Systems Post Test

Assessment

Flashcard

Computers

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

What was one of the earliest forms of payment in human history?

Back

Barter system

2.

FLASHCARD QUESTION

Front

In what decade was the first credit card, Diners Club, introduced?

Back

1950s

3.

FLASHCARD QUESTION

Front

What was a major motivation behind the development of credit cards?

Back

To simplify transactions and reduce cash handling

4.

FLASHCARD QUESTION

Front

When was the first online payment system, PayPal, launched?

Back

1998

5.

FLASHCARD QUESTION

Front

What is considered the first widely adopted mobile payment platform?

Back

M-Pesa

6.

FLASHCARD QUESTION

Front

Which year marked the launch of Apple Pay?

Back

2014

7.

FLASHCARD QUESTION

Front

What was a primary challenge in the adoption of mobile payments during early phases?

Back

Consumer trust and security concerns

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