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Duplicate of Banking and Finance Flashcards | StudBud
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Duplicate of Banking and Finance
Duplicate of Banking and Finance
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Questions
13
Answers
1
Mobile banking primarily benefits only urban populations and does not help rural communities.
False
True
2
What is a bank branch?
A type of online payment platform
A service that allows banking without physical locations
A financial location that accepts deposits and provides loans
A digital-only bank that offers mobile banking services
3
Due to the liquidity crisis in 2008 banks started lending even more
True
False
4
What is a key difference between Digital Banking (Neobanks) and Pure Branchless Banking?
Pure Branchless Banking is a digital extension of regular banks.
Neobanks require a bank account, while Pure Branchless Banking does not.
Both require physical bank branches to function.
Neobanks operate only through mobile phone agent networks.
5
One disadvantage of branchless banking is the risk of cybersecurity threats.
False
True
6
which act repealed the Glass-Steagall act?
Hardman-Litt act
Thomson-Waters Act
Ericson-Bailey Act
Gramm-Leach-Bliley Act
7
Less than 80% of China’s population uses mobile payment systems.
True
False
8
what was the average annual growth rate for mobile payments from 2016 to 2021
30-40%
70-80%
60-70%
40-50%
9
What is a defining feature of the M-PESA model?
It operates only in Kenya and is not used internationally.
It requires users to have a traditional bank account.
It enables mobile money storage and transactions without a bank account.
It was launched in 2015 by a European fintech company.
10
Which of the following is an example of branchless banking?
Transferring money using a mobile banking app
Withdrawing cash at a bank teller
Opening a savings account at a physical bank branch
Meeting with a loan officer in person
11
What is one major reason for the rise of branchless banking?
People prefer face-to-face banking
ATMs have become less secure
Building bank branches in rural areas is expensive and difficult
Banks are required by law to remove physical branches
12
Branchless banking had a decreasing tendency in major economies from 2008 to 2019.
False
True
13
The 2008 financial crisis was the event where major economies saw a shift in branch networks.
False
True
