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15
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What is a "joint account" in banking?
An account held by two or more people
An account with high interest rates
An account for senior citizens
An account for minors
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15
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What is the interest rate?
The rate at which your credit score changes
The rate at which you can borrow money
The rate at which your savings increase
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15
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What is compound interest?
the initial amount and the accumulated interest
Interest that is paid in cash
Interest that is only paid on credit cards
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15
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What is a checking account commonly used for?
Saving for retirement
Everyday transactions
Long-term investments
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15
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What is the primary purpose of a savings account?
Making purchases
Paying bills
Saving money
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15
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What is the difference between a debit card and a credit card?
Debit cards have higher interest rates than credit cards.
DC: Linked with a Bank Account / CC: Borrow money
DC: Online purchases / CC: In-person transactions
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15
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What is the main purpose of the "Cédula de Identidad" in Ecuador in relation to banking?
To apply for a credit card
To receive cash withdrawals from ATMs
To open a bank account
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15
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What is online banking?
Using an ATM for transactions
Sending money through postal mail
Managing your bank account over the internet
Visiting a bank branch in person
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15
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What does ATM stand for?
Autoridad de Transito Municipal
Account Transfer Mechanism
Automated Teller Machine
All-Time Money
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15
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What is the purpose of a cashier's check?
To withdraw money from an ATM
To make large payments securely
To transfer money between bank accounts
To pay for items at a retail store
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15
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Which institution in Ecuador is responsible for regulating and overseeing the financial sector?
Superintendencia de Bancos
Banco Central del Ecuador
Comisión de Mercado Financiero
Ministerio de Economía y Finanzas
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heart
Other team wins 10 points!
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magnet
Take 10 points!
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fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 10 points!
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trap
No points!
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shark
Other team loses 25 points!
Okay!
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rocket
Go to first place!
Okay!
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banana
Go to last place!
Oops!
15
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What is the "Sistema de Pagos Interbancarios" (SPI) in Ecuador responsible for?
Facilitating interbank payments and transfers
Setting interest rates for loans
Overseeing foreign exchange transactions
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15
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In Ecuador, what is a "Cooperativa de Ahorro y Crédito"?
National savings account
Credit union
Central bank of Ecuador
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monster
Reset all scores!
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rocket
Go to first place!
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shark
Other team loses 25 points!
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baam
Lose 20 points!
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