CFT — Certificate in Fintech Credit Practice Questions
The free CFT — Certificate in Fintech questions that deal with credit, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #3
A company plans to use machine learning to assess credit risk. What is a key benefit of this approach?
Correct answer: B
Explanation
Machine learning models can analyze vast datasets to improve accuracy in credit risk assessment.
Question #9
A startup is using algorithms to optimize credit scoring. What is a possible risk associated with this practice?
Correct answer: C
Explanation
Algorithms can unintentionally perpetuate biases present in the training data used for credit scoring.
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