Practice Fintech Applications (28.4) - Digital Transformation and Financial Technology (FinTech)
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FinTech Applications

Practice - FinTech Applications

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is a digital wallet? Name one example.

💡 Hint: Think of applications that allow you to pay online.

Question 2 Easy

What does InsurTech refer to?

💡 Hint: Consider technology's role in traditional insurance.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

Which of the following is an example of a digital payment method?

NEFT
Cheque
Cash

💡 Hint: Think about methods that do not involve physical currency.

Question 2

True or False: Robo-advisors require human financial advisors.

True
False

💡 Hint: Consider if robots can operate without humans.

1 more question available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Explain the potential risks associated with P2P lending for borrowers and lenders.

💡 Hint: Consider what can happen in a direct transaction without a bank's mediation.

Challenge 2 Hard

Evaluate how the growth of neo-banks could impact traditional banking fees.

💡 Hint: Reflect on why traditional banks might need to lower fees.

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