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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the main purpose of fraud detection?
💡 Hint: Think about why banks need to secure customer funds.
Question 2
Easy
What does credit scoring help determine?
💡 Hint: Consider the financial decisions banks make.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is one key purpose of fraud detection?
- Increase loan approvals
- Identify unusual transactions
- Enhance marketing efforts
💡 Hint: Consider the security of customer accounts.
Question 2
True or False: Credit scoring only relies on a borrower's income.
- True
- False
💡 Hint: Think about other data points that could be relevant.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Create a hypothetical dataset that could be used for credit scoring and explain the types of analyses you would conduct.
💡 Hint: Think of what lenders need to know about a borrower.
Question 2
Design a basic fraud detection algorithm that flags transactions. What parameters would it consider?
💡 Hint: Focus on what makes a transaction suspicious.
Challenge and get performance evaluation