The most distinctive feature of a commercial bank is that:
A) it makes loans.
B) it provides a passbook to depositors.
C) it acknowledges the funds it receives by issuing a claim against itself.
D) its debt circulates as money.
Correct Answer:
Verified
Q22: When we say that the Canadian banking
Q23: Bank reserves are:
A) currency and customer chequing
Q24: Commercial banks in Canada are:
A) government agencies.
B)
Q25: In a multi-asset world, the most liquid
Q26: The Bank of Canada provides _ to
Q28: When an asset is described as being
Q29: When we consider risks of various bank-assets,
Q30: The Canadian Payments Association coordinates:
A) clearing of
Q31: Which one do you think is an
Q32: Which of the following is the most
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