Solved

Why Is the Possibility of a Bank Run Extremely Small

Question 95

Multiple Choice

Why is the possibility of a bank run extremely small in Canada today?


A) The Bank of Canada guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.
B) The Department of Finance guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.
C) The Canadian Deposit Insurance Corporation provides deposit insurance on eligible deposits,so most depositors would not feel the need to withdraw all of their money in a panic.
D) The Office of the Superintendent of Financial Institutions provides deposit insurance on eligible deposits,so most depositors would not feel the need to withdraw all of their money in a panic.
E) Industry Canada guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions