Finance Unbox-ED ($) - Grade 3-5 - Session 026 - Quiz 1

Select the statement that is true

• Neobanks are techfins that offer banking services
• Neobanks are also called digital banks since they offer all their services online
• Both of the above
• None of the above

Similar to traditional banks even neobanks have physical branches

• True
• False

Insurtechs are fintechs that offer insurance services but unlike traditional insurance companies have no branches

• True
• False

Select all the statements that are true about digital finance

• Digital finance refers to managing money using the internet
• Digital finance makes transactions faster and more convenient
• Use of digital finance has reduced due to the risks involved
• All of the above

Identity theft in finance happens when someone steals your personal information for financial fraud

• True
• False

Select all the statements that are digital best practices

• Use a strong password
• Enable 2FA
• Use public wifi
• Don't click on suspicious links

Select all the best practices for passwords

• Passwords should be long and complex
• Password should be the same for all accounts
• Passwords should include some personal information
• Passwords should be changed regularly i.e. every 3-6 months

2FA or two factor authorization adds an extra layer of security by requiring two steps to verify it's really you before you can log into your account

• True
• False

Select all the statements that are true about black hat hackers

• Use their skills to break into systems, computers, phones
• Steal money or information
• Shut down websites or services to create chaos
• All of the above

White hat hackers use their skills to protect people and companies from black hat hackers

• True
• False