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Financial Technology and Professional Investment Guidance — Quiz Answers

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1
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Why does automation improve decision consistency?

A
Removes need for planning
B
Guarantees outcomes
C
Follows predefined rules
D
Eliminates choices
2
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What is a robo-advisor?

A
A bank account
B
A human financial advisor
C
An automated investment platform
D
A loan service
3

What does automation do in investing?

A
Makes decisions based on rules
B
Increases fees
C
Eliminates all risk
D
Guarantees profits
4

Why might someone choose a robo-advisor?

A
High cost
B
Automatic investing
C
Full control
D
Manual decisions
5

Which are benefits of automation? Choose two correct answers.

A
Eliminates risk
B
Guarantees returns
C
Ensures consistent investing
D
Reduces emotional decisions
6

Why do different tools lead to different outcomes?

A
Same cost
B
Same decisions
C
Different decision structures
D
Same control
7

Which factors differ across platforms? Choose two correct answers.

A
Fees
B
Services offered
C
Color design
D
Control level
8

What is a discount broker?

A
Low-cost trading service
B
High-cost advisor
C
Savings tool
D
Tax account
9

How do financial tools expand access to investing?

A
Reduce availability
B
Increase cost
C
Limit users
D
Simplify participation
10

What is a trading platform?

A
Tax tool
B
Investment account
C
Software to buy and sell investments
D
Bank service

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