Elite Intro Unit 7 Fintech

What does the term 'fintech' describe?

• D. A form of online gaming

• A. A range of financial services

• C. A new social media platform

• B. A type of digital currency

How has fintech expanded financial services?

• C. By integrating new digital technologies

• B. By limiting access to services

• D. By avoiding security technologies

• A. By using traditional methods only

What is one advantage of using fintech services?

• A. Limited availability

• C. Secure banking activities

• D. Slow and inefficient services

• B. Inconvenient access

What tasks can fintech platforms enable?

• C. Depositing checks and transferring money

• B. Playing musical instruments

• D. Gardening tips

• A. Cooking recipes

What technologies do fintech companies integrate into traditional financial sectors?

• D. Quantum computing and nanotechnology

• C. AI, blockchain, and data science

• B. Robotics and automation

• A. Virtual reality and augmented reality

What can customers use fintech for?

• D. Fashion design

• A. Weather forecasting

• B. Sports predictions

• C. Tax calculations and investments

What does fintech streamline to make transactions more efficient?

• D. Slowing down the process

• A. Adding unnecessary steps

• B. Increasing complexity

• C. Getting rid of annoying unnecessary steps

How does fintech make banking activities more secure?

• A. By using outdated security technologies

• B. By avoiding security measures

• D. By sharing sensitive information openly

• C. By implementing advanced security technologies

What is one feature of fintech compared to traditional banks and brokers?

• D. Slow and inefficient services

• C. More convenience allowing services anytime, anywhere

• B. Restricted access

• A. Limited convenience

Why might someone want to try out fintech services?

• A. To increase complexity

• B. To limit access to services

• C. To see if they are to their liking

• D. To avoid using technology