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Chapter 7 POF Flashcards | StudBud
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Chapter 7 POF
Chapter 7 POF
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Questions
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Answers
1
What is Fintech?
A way to buy gold
A new bank
Use of technology for financial services
Type of insurance
2
Which of the following best describes traditional finance?
Dynamic and risk-taking
Conservative and focused on stability
Emphasizing high-frequency trading
Focused on global expansion
3
What is cryptocurrency?
A mobile app
A digital asset using cryptography
A physical coin
Paper currency
4
What is one issue with financial inclusion today?
Over-reliance on central banks
Universal internet access
Some groups lack access to technology
Low credit card fees
5
What will shape the future of finance?
Fewer investments
Fintech, digital currencies, and sustainable investing
Manual registers
Paper banking
6
A major innovation disrupting traditional financial services is:
Gold-based currency
Manual check writing
Postal banking
Fintech
7
A digital currency that uses cryptography for security is known as:
Cryptocurrency
Bank note
Money market fund
Mutual fund
8
What is sustainable investing?
Investing in stocks only
Investing with a focus on environment and society
Investing for fun
Saving gold at home
9
What does traditional finance focus on?
Stability and capital preservation
Growth only
Fast returns
Innovation
10
What is DeFi?
Government bank
Tax planning method
Finance using blockchain with no intermediaries
Manual finance method
11
A challenge caused by remote work in finance is:
Increased office pollution
Higher real estate costs
Poor internet connectivity
Cybersecurity risks
12
What do chatbots in finance typically assist with?
Legal arbitration
Printing documents
Customer inquiries and tasks
Manual bank transactions
13
The Dodd-Frank Act was introduced to:
Increase transparency and reduce risk
Eliminate fintech startups
Reduce competition
Encourage short-term investments
14
Which of the following is an example of traditional finance?
Crowdfunding
Real Estate
Robo-advisors
Blockchain
15
What is crowdfunding?
A loan from one bank
Getting money from one person only
Government funding
Raising money from many people online
16
What is peer-to-peer lending?
People lending money to each other online
Banks lending money
Friends borrowing only
Government loans
17
What does modern finance focus on?
Real estate
Innovation and growth
Stability only
Using gold
18
What is a chatbot?
AI that answers questions
A voice message
A robot
A finance calculator
19
What do digital wallets help with?
Storing and managing cash currencies
Playing games
Storing and managing digital currencies
Sending letters
20
What is blockchain used for?
Making phone calls
Filing paper records
Drawing charts
Recording transactions securely
21
What do robo-advisors do?
Give automated financial advice
Handle customer complaints
Build websites
Sell furniture
22
One of the main goals of sustainable investing is to:
Invest in high-risk cryptocurrencies
Align investments with environmental and social values
Maximize returns regardless of ethics
Focus only on real estate
23
ESG criteria are associated with:
Traditional stock market practices
Sustainable finance
Risk minimization only
Online trading
24
Which tool uses a decentralized ledger to record secure transactions?
Robo-advisors
Blockchain
Index funds
Mutual funds
25
What do mobile payment apps help with?
Making payments using smartphones
Creating websites
Writing cheques
Sending emails
