QUESTION 25

PART A:

Which of the following is a fintech category or alternative that generally bypasses the traditional banking industry and can provide money to new startup firms, for the arts, or for charities and disaster relief?

a.

Ant Financial's Alipay, or Apple Pay

b.

crowdfunding

c.

peer-to-peer lending

d.

cryptocurrencies

e.

insurtech

PART B:

Which of the following statements about fintech and/or the banking sector in the UAE is (are) correct?

a.

bitcoin is a digital currency now accepted as legal tender in El Salvador

b.

Dogecoin is now the biggest and most valuable cryptocurrency and legal tender in several countries

c.

Apple Pay and Alipay are large peer-to-peer lenders that compete with banks to give out loans

d.

return on assets and return on equity for UAE banks in 2020 and 2021 have been at record highs relative to 2019 and previous years

e.

all of the above are correct