Digital Trade Pre Work

Which of the following is not a key barrier to digital trade?

• Data privacy concerns

• Lack of internet access

• Cybersecurity threats

• Government regulation

What is a common form of digital investment within the FinTech sector?

• Buying physical gold

• Purchasing real estate

• Investing in cryptocurrencies

• Collecting rare stamps

Which of the following is not a typical feature of robo-advisors?

• Human financial advisors

• Automated portfolio management

• Algorithm-based investment recommendations

• Risk tolerance assessment

How do robo-advisors typically charge fees for their services?

• No fees, they are free

• Fixed annual fee

• Performance-based fees

• Hourly consulting charges

What is AI's role in shaping the FinTech services landscape?

• Eliminating all human involvement in finance

• Enhancing customer service through chatbots

• Increasing security and fraud prevention

• Slowing down financial transactions

Which FinTech area benefits the most from AI-driven customer insights?

• Mobile banking

• Peer-to-peer lending

• Cryptocurrency trading

• Insurance underwriting

What is a significant advantage of using AI in FinTech for risk assessment?

• Decreased accuracy

• Increased compliance costs

• Faster and more accurate risk assessment

• Reduced customer trust

Which technology is essential for secure digital trade and FinTech services?

• Dial-up internet

• Blockchain

• Fax machines

• Typewriters

What is the primary function of KYC (Know Your Customer) in FinTech?

• Keeping customers anonymous

• Identifying and verifying customer identities

• Providing financial advice

• Predicting market trends

Which factor is not typically considered when assessing the risk in digital trade?

• Political stability in the trading countries

• Exchange rate fluctuations

• Digital payment methods

• Availability of affordable smartphones