Multiple Choice
Choose the statement that is incorrect about trust and loan companies.
A) Trust and loan companies hold more than 70 percent of the total assets of the Canadian financial services sector.
B) The largest trust and loan companies are owned by banks.
C) Trust and loan companies accept deposits and make personal loans and mortgage loans.
D) Trust and loan companies administer estates.
E) Trust and loan companies administer trusts and pension plans.
Correct Answer:
Verified
Correct Answer:
Verified
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