LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory Rapid FinTech innovation reduces the need for traditional banking labor. Unemployment increases, yet inflation remains above target. What explains this paradox?

Question

LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory Rapid FinTech innovation reduces the need for traditional banking labor. Unemployment increases, yet inflation remains above target. What explains this paradox?

Answer

Structural unemployment rises while inflation persists due to high demand in digital services.

Answer

Automation directly increases wages in the banking sector, raising inflation

Answer

FinTech reduces money circulation, creating inflationary pressure

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LG 1. Knowledge Comprehension LO 1.1. Generate knowledge of core concept and...

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