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