Page 19 - Webel Newsletter, Jan 2020

19 Volume: 27
January 2020 Issue

Question 7 Fintech Regulatory Sandbox are:
a) Role Playing rooms for startups with regulators

b) Designed to be alternative regulatory mechanisms to
facilitate the development or testing of innovative
financial technology solutions, while still affording
adequate consumer protection

c) Firms to use Legos to present their ideas to
regulators

d) Game developers to test applications for finance

Question 8 Who among the following is not a founder at PayPal ?
a) Elon Musk
b) Max Levchin
c) Peter Thiel
d) Jack Dorsey

Question 9 What does the term APR stands for in Financial perspective
a) Average Perfunctory Risk
b) Annual Percentage Rate
c) Annual Pension Relevance
d) Always Playing Roots

Question 10 The term Open Banking refers to :
a) A new banking movement where banks open
their doors to anyone - including the traditionally
underbanked - to open an account

b) All the branches of the bank are open 24x7

c) The use of Open APIs that enable third party
developers to build applications and services
around the financial institution

d) None of the above

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