1. Core Concepts

Question 1

Integration of technology into financial services to improve delivery, efficiency, and customer experience.

Answer 1

FinTech?

Question 2

The first decentralized cryptocurrency, launched in 2009 by Satoshi Nakamoto.

Answer 2

BITCOIN

Question 3

A decentralized, immutable digital ledger used for recording transactions securely.

Answer 3

BLOCKCHAIN

Question 4

Financial systems built on blockchain technology that eliminate intermediaries.

Answer 4

Decentralized Finance (DeFi)

Question 5

Self-executing agreements with terms directly written into code on blockchain platforms.

Answer 5

Smart Contracts

Question 6

A fundraising method where startups issue digital tokens.

Answer 6

Initial Coin Offering (ICO)

Question 7

The process through which a private company offers shares to the public for the first time.

Answer 7

Initial Public Offering (IPO)?

Question 8

A global messaging system for financial transactions, set to transition to ISO 20022

Answer 8

SWIFT

Question 9

A digital system for recording transactions securely and transparently across multiple locations.

Answer 9

Distributed Ledger Technology (DLT)

Question 10

The principle of distributing power and decision-making away from central authorities.

Answer 10

Decentralization

Question 11

A financial model where individuals lend and borrow money directly without traditional banks.

Answer 11

Peer-to-Peer (P2P) Lending