Fintech Quiz

Who is the pseudonymous creator of Bitcoin?

• Satoshi Nakamoto

• Albert Einstein

• Bill Gates

• Warren Buffett

What is the primary benefit of using a digital wallet for payments?

• Greater convenience and speed

• Increased risk of fraud

• Limited acceptance at merchants

• Higher transaction fees

Technology of automatic adaptation of business to changes in legislation and market conditions is?

• Regtech

• B2B

• Suptech

• P2P

What is the significance of quantum computing in fintech?

• It has the potential to significantly enhance data processing speed and security in financial applications

• It decreases the complexity of financial calculations

• It increases the predictability of financial markets

• It promotes outdated manual processes in financial institutions

Find a fintech offering automated insurance products?

• InsureTech

• Telematics

• Regtech

• Suptech

What is the process called through which new bitcoins are created and transactions are confirmed on the Bitcoin network?

• Mining

• Hashing

• Trading

• Banking

Which of the following types of digital wallets stores cryptocurrency?

• Hardware wallet

• Mobile wallet

• E-wallet

• Virtual wallet

What is Bitcoin?

• Decentralized digital currency

• Centralized government-backed currency

• Digital representation of physical gold

• Traditional paper-based currency

What role does open banking play in transforming the banking industry?

• Enabling third-party developers to access bank data to create innovative financial services

• Restricting access to banking services

• Encouraging banks to operate in isolation without collaborations

• Decreasing competition among banks

What is the function of Neobank Revolut, TransferWise, Klarna systems in fintech?

• Payment systems

• Kashiloks

• Insurance platform

• Investment platforms