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TYPES OF BANK
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The Banco de Desarrollo del Ecuador is a commercial bank in Ecuador.
 
FALSE
 
TRUE
Foreign banks in Ecuador are not allowed to provide investment opportunities.
 
FALSE
 
TRUE
Rural and Agricultural Banks typically do not have a presence in rural communities.
 
FALSE
 
TRUE
Microfinance Institutions in Ecuador target high-income individuals.
 
FALSE
 
TRUE
Foreign banks in Ecuador only provide services related to foreign currency exchange.
 
FALSE
 
TRUE
The Central Bank of Ecuador is responsible for managing the country's money supply.
 
TRUE
 
FALSE
Development Banks in Ecuador primarily focus on financing agriculture projects.
 
FALSE
 
TRUE
Savings and Loan Cooperatives are not member-owned financial institutions.
 
FALSE
 
TRUE
Commercial banks in Ecuador offer a limited range of financial services.
 
FALSE
 
TRUE