Multiple Choice
Choose the statement that is incorrect about trust and loan companies.
A) Trust and loan companies accept deposits and make personal loans and mortgage loans.
B) Trust and loan companies administer estates.
C) The largest trust and loan companies are owned by banks.
D) Trust and loan companies hold more than 70 percent of the total assets of the Canadian financial services sector.
E) Trust and loan companies administer trusts and pension plans.
Correct Answer:
Verified
Correct Answer:
Verified
Q128: Suppose Canada spends more on foreign goods
Q129: Consider Table 7.3.7.If the government's budget becomes
Q130: The demand for loanable funds is the
Q131: If the government begins to run a
Q132: A stock is<br>A)a promise to make specified
Q133: Suppose that a bond promises to pay
Q134: The key Canadian financial institutions include all
Q135: Refer to the figure below to answer
Q136: An increase in _ will shift the
Q138: According to the Ricardo- Barro effect,<br>A)financing government