Which one of the following is not a depository institution?
A)The Bank of Montreal
B)a caisse populaire
C)The Bank of Canada
D)Canada Trust
E)a credit union

Question

Quizplus · Accepted Answer

The Bank of Canada is not a depository institution. It is the central bank of Canada and primarily responsible for monetary policy and regulation of the financial system. Depository institutions are commercial banks, credit unions, trust companies, caisses populaires, and other financial institutions that accept deposits from customers and provide loans and other financial services.

Which One of the Following Is Not a Depository Institution