What is one reason startups have an advantage over traditional banks in the digital banking space?
A Biodegradable Bank Card for Generation Z

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Business, Information Technology (IT), Architecture, Other
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Traditional banks focus on mortgages and credit.
Startups have a larger customer base.
Startups have more financial resources.
Traditional banks are more innovative.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant spending trend among teenage boys?
Saving for college.
Spending on video games.
Investing in stocks and bonds.
Spending on fashion and accessories.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the business charge a monthly fee for its services?
To compete with traditional banks.
To cover the costs of money movement.
To discourage excessive spending.
To offer premium services.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which countries does the business currently operate?
UK and Germany
US and Canada
UK and US
Germany and Scandinavia
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has COVID-19 impacted the trend towards a cashless society?
It has had no impact.
It has slowed down the trend.
It has accelerated the trend.
It has reversed the trend.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of spending by GoHenry customers was in cash last year?
90%
50%
14%
75%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of Generation Z according to the transcript?
They avoid online spending.
They are digital natives.
They prefer using cash.
They are traditional savers.
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