ejercicio

When did Ecuador experience its largest financial and social crisis?

• 1994

• 1998

• 1999

• 2000

What was a key consequence of the 1994 Law of Financial Institutions in Ecuador?

• Increased government control over banks

• Liberalization of interest rates and free capital circulation

• Decrease in linked credits

• Reduction in financial speculation

How long did the banking holiday declared in March 1999 in Ecuador ultimately last?

• 24 hours

• 3 days

• 5 days

• 1 year

What policy did President Mahuad decree during the banking holiday regarding deposits?

• Immediate return of all deposits

• A one-year freeze on deposits over 2 million sucres

• Conversion of all deposits to dollars

• A two-week suspension of all bank operations

¿Estás disfrutando la lección en vídeo?

• Sí

• No

When did Ecuador adopt the US dollar as its official currency?

• March 1999

• January 2000

• 1994

• 1998