Intro Quiz - Eco Academy

Introduction to Eco

Almost done! Please complete the following quiz to finish this course.

1 / 2

Which statements about the traditional financial system are correct? (Select the two correct statements).

Traditional finance makes it very easy for the unbanked to get access to financial services

Traditional finance has become fully decentralized throughout the years

Traditional finance is governed by centralized actors not intrinsically motivated to act in the best interest of everyone

The traditional financial system is outdated and inherently broken

The unbanked profit from the very low fees of banks

2 / 2

Eco cuts out inefficiencies within the existing financial system by removing unnecessary — but expensive — middlemen from the equation. For this reason, Eco seeks to replace merchants such as Amazon and Uber but also credit card providers such as Visa and MasterCard.

False

True

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