Multiple Choice
Which of the following examples constitutes a new deposit to the Canadian commercial banking system?
A) An individual transfers money from ShipShape Credit Union to Scotiabank.
B) An individual immigrates to Canada and deposits money from abroad.
C) An individual puts cash in a safety-deposit box.
D) The Bank of Canada sells government securities to an individual or a firm.
E) The Bank of Canada buys foreign currency from abroad.
Correct Answer:
Verified
Correct Answer:
Verified
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