Question

Artificial intelligence (AI) is increasingly being used in the field of finance to improve decision-making processes. AI algorithms can analyze vast amounts of data to identify patterns and predict market trends. However, there are concerns about the transparency and accountability of AI systems, as well as the potential for biased decision-making.
What is one concern mentioned in the passage regarding the use of AI in finance?

• A. AI systems lack data analysis capabilities.
• B. AI improves transparency and accountability.
• C. AI systems can lead to biased decision-making.
• D. AI cannot predict market trends.

Hint:

Focus on the concerns or issues raised in the passage. Be cautious about answer choices that contradict the text’s explicit statements.

Answer 1

The Correct Option is C

Step 1: Identify concerns mentioned in the passage. The passage states: \textit{“there are concerns about the transparency and accountability of AI systems, as well as the potential for biased decision-making.”}
Step 2: Evaluate answer choices:

(A) Lack data analysis capabilities — Incorrect, passage says AI can analyze vast amounts of data.
(B) Improves transparency and accountability — Incorrect, passage states concerns about these aspects.
(C) Can lead to biased decision-making — Correct, explicitly mentioned.
(D) Cannot predict market trends — Incorrect, passage says AI can predict market trends.