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15
×
What is the interest rate?
The rate at which your savings increase
The rate at which your credit score changes
The rate at which you can borrow money
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15
×
What is a "joint account" in banking?
An account for minors
An account held by two or more people
An account for senior citizens
An account with high interest rates
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×
seesaw
Swap points!
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magnet
Take 25 points!
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×
shark
Other team loses 25 points!
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lifesaver
Give 20 points!
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15
×
What is the difference between a debit card and a credit card?
Debit cards have higher interest rates than credit cards.
DC: Online purchases / CC: In-person transactions
DC: Linked with a Bank Account / CC: Borrow money
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15
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What is compound interest?
Interest that is only paid on credit cards
the initial amount and the accumulated interest
Interest that is paid in cash
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15
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What is online banking?
Using an ATM for transactions
Visiting a bank branch in person
Sending money through postal mail
Managing your bank account over the internet
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15
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What is a checking account commonly used for?
Long-term investments
Saving for retirement
Everyday transactions
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15
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What does ATM stand for?
Automated Teller Machine
Autoridad de Transito Municipal
All-Time Money
Account Transfer Mechanism
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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
Ministerio de Economía y Finanzas
Comisión de Mercado Financiero
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15
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What is the purpose of a cashier's check?
To transfer money between bank accounts
To withdraw money from an ATM
To pay for items at a retail store
To make large payments securely
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15
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What is the "Sistema de Pagos Interbancarios" (SPI) in Ecuador responsible for?
Setting interest rates for loans
Overseeing foreign exchange transactions
Facilitating interbank payments and transfers
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15
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What is the purpose of the "RUC" (Registro Único de Contribuyentes) in Ecuador?
To track international transactions
To register for online banking services
To register for tax purposes
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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 open a bank account
To apply for a credit card
To receive cash withdrawals from ATMs
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heart
Other team wins 25 points!
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rocket
Go to first place!
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gift
Win 15 points!
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thief
Give points!
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25
15
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In Ecuador, what is a "Cooperativa de Ahorro y Crédito"?
Central bank of Ecuador
National savings account
Credit union
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banana
Go to last place!
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gift
Win 5 points!
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×
shark
Other team loses 20 points!
Okay!
×
baam
Lose 25 points!
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