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TOPIC 23: State and Economy

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  • They manage state funds
    Public Banks
  • What are the types of financial institutions
    Public Banks / Private Banks / Mutualist / Cooperatives
  • The strongest institutions and cover the entire national territory.
    Private Banks
  • Before the crisis of 1999, the financial centers were located in Guayaquil
    TRUE
  • Financial institutions that offer mortgage loans for construction or home purchase.
    Mutualists
  • Examples of Mutualists
    Mutualista Azuay; Pichincha; Imbabura; Ambato
  • They are smaller institutions that offer small amount loans.
    Cooperatives
  • What are the types of financial institutions
    Public Banks / Private Banks / Mutualist / Cooperatives
  • What is the purpose of the banks institutions?
    Banks take over the money from the public in exchange for an interest.
  • Which is the most powerful Bank in Ecuador?
    BANCO PICHINCHA
  • Examples of Cooperatives
    JEP; Jardín Azuayo
  • Examples of Private Banks
    Banco Pichincha, Banco Guayaquil, Produbanco, Banco del Austro
  • Examples of Public Banks
    Banco Central del Ecuador, Biess, Ban Ecuador
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