Practice Technology Dependency (28.8.3) - Digital Transformation and Financial Technology (FinTech)
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Technology Dependency

Practice - Technology Dependency

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Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is technology dependency?

💡 Hint: Think about how much we rely on technology daily in finance.

Question 2 Easy

Name a potential cause of system failure.

💡 Hint: Consider security risks in technology.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is a potential consequence of technology dependency in FinTech?

Increased efficiency
System failures
Lower costs

💡 Hint: Think about what happens when a service goes down.

Question 2

True or False: Lack of offline access can lead to financial exclusion.

True
False

💡 Hint: Consider internet access in underserved regions.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate how the complete dependency on technology within financial institutions could affect economic stability during a global crisis.

💡 Hint: Consider the role of trust and accessibility in finance.

Challenge 2 Hard

Propose a solution that addresses both technology dependency and the need for accessibility in FinTech services.

💡 Hint: Think of ways to blend old and new methods.

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