3.3.2. Finance

Try these first

1. 1.

   Describe one function of online banking.

   Hint

   Think about what you usually do at a bank.

2. 2.

   What is fraud detection in finance?

   Hint

   Consider what banks do to keep your money safe.

3. 3.

   What is a primary benefit of online banking?

   • Provides 24/7 access
   • Requires physical presence
   • Limits transactions

   Hint

   Consider what advantages online services offer.

4. 4.

   True or False: High-frequency trading executes trades at slow speeds.

   • True
   • False

   Hint

   Think about the name ‘high-frequency’ and what it implies.

5. 5.

   Evaluate how an increase in online banking might impact traditional banking institutions over the next decade.

   Hint

   Consider how technology disrupts established industries.

6. 6.

   Formulate a strategy for a bank to implement machine learning fraud detection while ensuring customer trust.

   Hint

   Focus on balancing technology use with customer concerns.