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Canada Avoided a Financial Crisis for All of the Reasons

Question 93

Multiple Choice

Canada avoided a financial crisis for all of the reasons below except________.


A) Canadian banks were more tightly regulated.
B) Canada's banks were more conservative in their lending practices.
C) The Canadian financial institutions were well diversified relative to U.S. peers.
D) Canada did not allow any U.S.-style subprime mortgages.

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