FinTech Services Semester Review

FinTech Services Semester Review

12th Grade

•

30 Qs

quiz-placeholder

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FinTech Services Semester Review

FinTech Services Semester Review

Assessment

Quiz

•

Computers

•

12th Grade

•

Practice Problem

•

Easy

Created by

David Turner

Used 2+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary goal of a FinTech ecosystem?

To replace traditional banks entirely

To integrate various stakeholders for seamless financial services

To eliminate the need for digital platforms

To focus solely on cryptocurrency development

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key component of a FinTech ecosystem?

Regulatory frameworks

Legacy systems

Financial institutions

Renewable energy systems

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Digital platforms in FinTech focus on which of the following?

Centralized, manual processes

Automating and streamlining financial services

Relying heavily on physical infrastructure

Excluding consumer intelligence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FinTech ecosystems often benefit from which of the following?

Open banking APIs

Paper-based accounting systems

Isolation of financial services

Manual transaction processing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary disadvantage of legacy financial platforms?

High scalability

Enhanced customer experience

Lack of flexibility and high maintenance costs

Compliance with modern regulations

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is an example of a digital platform in FinTech?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is consumer intelligence primarily used for in FinTech?

Tracking employee performance

Enhancing customer experience and personalization

Reducing financial regulation requirements

Eliminating customer segmentation

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