Disintermediation in the financial industry means:

• Increasing the number of intermediaries

• The discontinuation of intermediation services

• Centralization of economic exchanges

• Decrease in Peer-to-Peer sharing

What is a significant economic impact of the Fourth Industrial Revolution?

• Decrease in new job opportunities

• Shift in the nature of work

• Reduction in business models

• Stagnation of technological innovation

The Internet of Things (IoT) primarily functions to:

• Connect billions of devices and share data

• Improve healthcare services exclusively

• Focus on agricultural advancements

• Develop new energy sources

Fintech is best described as:

• A declining financial services sector

• The use of technology in transforming banking and financial industries

• A focus on non-technological business models

• The avoidance of digital innovations in finance

What characterizes the Fourth Industrial Revolution?

• Advancements in manufacturing

• Digital technology-driven change

• Focus on agricultural development

• Expansion of mechanical inventions

Decentralized Finance (DeFi) is characterized by:

• Centralized financial applications

• Blockchain-enabled applications challenging the current financial ecosystem

• Traditional banking practices

• Decreased use of smart contracts

A major concern associated with the Fourth Industrial Revolution is:

• Decreased data generation

• Privacy and security issues

• Reduced need for reskilling

• Lowered ethical standards

A potential benefit of fintech is:

• Slower financial processes

• Improved speed and efficiency in financial services

• Increased regulatory protection

• Reduced economic opportunities

The digital sharing economy can be defined as:

• A decline in digital platform usage

• A shift away from technology in business

• The use of digital solutions to facilitate collaborative transactions

• The reduction of internet access globally

Which technology is transforming decision-making and business models in the Fourth Industrial Revolution?

• 3D Printing

• Blockchain

• Artificial Intelligence and Machine Learning

• Biotechnology