Module 2

Which of the following is NOT defined as one of the "4 phases of the evolution of individual payments"?

• Barter

• Paper Money

• Coinage

• Dematerialized payments

What is the purpose of an RTGS system?

• P2P lending

• Electronic customer onboarding

• Settlement of large value electronic payments

• Conduct of monetary policy

Which of the following was NOT mentioned as one of the paradigms of the "ABCDs of Alternative Finance"

• Artificial Intelligence

• Blockchain

• Computer

• Data

New technologies in FinTech enable real-time payments and transactions for:

• Banks

• Individuals

• Payments from government to individuals and firms

• all of the above

Which of the following is a potential challenge for cryptocurrencies?

• Causing harm to the environment

• Volatility

• Risk of losing private-keys

• Risk of getting hacked

• all of the above

Bitcoin...

• is the underlying techonology of Bitcoin only

• is impossible to hack

• can be permissioned

• definitely involves a cryptocurrency

What is/are the key factors driving the development of payment solutions?

• New techonologies

• Enhancing infrastructures

• Regulators

• All of the above

Which of the following solution is not P2P payments？

• Bill-splitting app

• Bitcoin

• Credit card

• P2P transfer app