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Financial Technology - Midterm Quiz 3

Authored by Renz Hector

Instructional Technology

University

Used 5+ times

Financial Technology - Midterm Quiz 3
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mobile wallet?

A physical wallet used for cash storage

An app that stores and manages digital currencies

A digital version of credit and debit cards used on mobile devices

A type of cryptocurrency wallet

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a mobile payment app?

PayPal

Cash App

GCash

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which technology is most commonly used in contactless payments?

Bluetooth

NFC (Near Field Communication)

QR codes

Wi-Fi

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a key benefit of contactless payments?

Increased transaction speed

Higher transaction fees

Security risks due to data exposure

It requires an internet connection for all transactions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

NFC technology allows data transfer between devices at a distance of:

5 meters

1 meter

10 centimeters

50 centimeters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is InsurTech?

A type of cryptocurrency used in insurance

The use of technology to disrupt the insurance industry

A new form of life insurance

A mobile wallet for insurance claims

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common feature of digital insurance platforms?

Automated claim processing

Physical insurance cards

In-person agent consultations

No data encryption

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