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Team 3_MYbank Flashcards | StudBud
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Team 3_MYbank
Team 3_MYbank
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Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
MYbank loan approvals require human interaction.
True
False
2
Traditional banking is available for what percentage of citizens in China?
45%
20%
70%
80%
3
Traditional banking isn't available to the majority of the population in China because:
a. Lengthy wait times
d. All of the above
c. High operational costs
b. High denial rates
4
What model implements ease of access for rural areas?
2020
290
550
310
5
What percentage of farmers run small operations
98%
42%
13%
27%
6
Green agriculture and sustainability practices include all of the following EXCEPT:
Green loans
Green community
Special funding for ESG-compliant funding
Blockchain traceability
7
What percentage of China's population lives in rural areas?
15%
6%
82%
38%
8
MYbank loans are not approved on credit history or collateral.
False
True
9
MYbank uses satellites technology to asses the growth/condition of crops.
False
True
10
Farmer loan benefits include all of the following EXCEPT:
Loans for equipment, seeds, and fertilizers
Prevents reliance on loan sharks and high-interest lenders
Flexible repayment aligned with farming cycles
Affordable yacht rentals
11
What obstacles does MYbank face when trying to reach rural individuals?
Lengthy commutes
Legal barriers
Strenuous outreach
Low technological literacy
12
Which MYbank competitor was mentioned in the presentation?
WeBank
BackedBanking
OurBank
RuralBank
13
MYbank's goal is to do all of the following EXCEPT:
Provide lower costs
Provide higher efficiency
Create wider-coverage
Make farmers more tech savvy
14
MYbank was among the first __ online banking insitutions
5
15
2
26
15
MYbank uses AI to:
Calculate individualized interest rates
Rank applicants according to loan history
Complete thorough credit checks
Provide fast loan approvals
