Suppose the Rare Event Occurs That a Major Canadian Commercial

Multiple Choice

Suppose the rare event occurs that a major Canadian commercial bank is on the verge of insolvency and collapse due to volatile world credit markets.The likely initial response is

A) a bankruptcy filing overseen by the Superintendent of Financial Institutions.
B) the adoption of all of the bank's liabilities by the Bank of Canada as the "lender of last resort."
C) the sale of the bank's assets to the remaining commercial banks.
D) the provision of funds by the World Bank as the "lender of last resort."
E) the provision of funds by the Bank of Canada as the "lender of last resort."