Study

TYPES OF BANK

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