Two-factor verification would be using two passwords to get into a system, right? Why?

Master of Fine Arts degrees are something I've always been interested in but never took the time to research. If someone other than the person for whom it was intended is able to decrypt a password, then the value of the password will drop.

To me, it makes sense to look at system access and authentication.

Would it be considered two-factor authentication if logging into a system required the use of two separate passwords? Why?

To show the login process in action, you should make up a story. You have most likely encountered many forms of authentication. How soon might it be? Passwords will always be necessary, in my opinion.

When it comes to two-factor authentication, I'm still fuzzy on the details. How much of an improvement does it make to password security?