Which of the Following Examples Constitutes a New Deposit to the Canadian

Multiple Choice

Which of the following examples constitutes a new deposit to the Canadian commercial banking system?

A) An individual transfers money from Ship Shape Credit Union to Scotiabank.
B) An individual immigrates to Canada and maintains his existing deposits in a foreign bank.
C) An individual puts cash in a safety-deposit box.
D) The Bank of Canada buys government securities from a Canadian commercial bank.
E) The Bank of Canada buys foreign currency from abroad.