#1
Which of the following is NOT a benefit of digital transactions for consumers?
Convenience
Increased security
Limited transaction options
24/7 accessibility
#2
Which of the following is NOT typically considered a form of digital payment?
Credit card
Cash
Mobile wallet
Cryptocurrency
#3
Which of the following factors may affect consumer spending behavior?
Income level
Hair color
Shoe size
Favorite movie
#4
What is the primary advantage of using mobile payment apps for consumers?
Increased security
Limited transaction options
Requires internet connection
Convenience
#5
Which of the following statements best describes the concept of 'contactless payment'?
Payment made by directly contacting the seller
Payment made by phone call
Payment made without physical contact between the payment device and the terminal
Payment made through email
#6
Which of the following is NOT a typical feature of a peer-to-peer payment service?
Instant transfer
Transaction fees
Social media integration
Bank account verification
#7
What is the primary purpose of a consumer's credit score?
To determine eligibility for loans and credit cards
To calculate taxes
To track spending habits
To assess insurance premiums
#8
What does the term 'EMV' stand for in relation to digital transactions?
Electronic Money Verification
Encrypted Mobile Validation
Europay, Mastercard, Visa
Enhanced Mobile Verification
#9
What is the term used to describe the practice of analyzing consumer behavior to determine product pricing and marketing strategies?
Market segmentation
Consumer psychology
Demand forecasting
Consumer research
#10
Which of the following is NOT a factor influencing consumer spending in a digital economy?
Online reviews
Social media influence
Traditional advertising
Product packaging
#11
What is the term for the process of converting data into a code to prevent unauthorized access?
Encryption
Decryption
Encoding
Decoding
#12
What is the term used to describe the process of a consumer's transition from recognizing a need to making a purchase?
Consumer analysis
Consumer journey
Consumer funnel
Consumer decision-making process
#13
What technology is commonly used to secure digital transactions?
Blockchain
TCP/IP
WiFi
SSL/TLS
#14
In the context of digital transactions, what does the acronym 'KYC' stand for?
Keep Your Credentials
Know Your Customer
Key Your Code
Keep Your Credit
#15
What is the primary purpose of tokenization in digital transactions?
To convert physical currency into digital currency
To replace sensitive data with unique identifiers
To track transaction history
To enhance encryption protocols
#16
Which of the following is NOT a common type of digital fraud associated with consumer spending?
Phishing
Spoofing
Napping
Identity theft
#17
Which of the following technologies is commonly used for contactless payments?
NFC (Near Field Communication)
Bluetooth
RFID (Radio Frequency Identification)
QR code