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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 21
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"The commercial banking industry in Canada is less competitive than the commercial banking industry in the United States because in Canada only a few large banks dominate the industry, while in the United States there are around 6.500 commercial banks." Is this statement true, false, or uncertain? Explain your answer.
"The commercial banking industry in Canada is less competitive than the commercial banking industry in the United States because in Canada only a few large banks dominate the industry, while in the United States there are around 6.500 commercial banks." Is this statement true, false, or uncertain? Explain your answer.
Explanation
Verified
Verified
The provided statement is 
because a lar...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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