Financial Institutions Management: A Risk Management Approach 10th Edition by Anthony Saunders Test

 
 
110. Of the ten largest banks in the world at the beginning of 2015, how many were U.S. banks? 
 
A. 0.
 
B. 1.
 
C. 2.
 
D. 4.
 
E. 8.
 
111. Benefits of cryptocurrencies and blockchain include all of the following EXCEPT:
A. Business or individuals can create financial agreements without relying on banks.
B. Business or individuals can make financial transactions without relying on banks.
C. Transactions among businesses or individuals will have to know each other to make financial agreements.
D. Transaction costs among all of the participants in the economy can be reduced.
E. Rating agencies and government bodies will not be necessary to verify identity, establish trust, or perform the critical business logic.
 
112. Which of the following statements about financial technology (FinTech) are true:
A. refers to the delivery of financial solutions in a manner that competes with traditional financial methods.
B. is defined as technology-enabled innovation in financial services that could result in new business models, applications, processes or products.
C. involves the risk that FinTech firms could disrupt business of financial services in the form of lost customers and lost revenue.
D. None of the above are true.
E. A, B, and C are true.