Which of the following is correct with regard to Canadian banks?
A) They are not allowed to provide financing to small businesses because those businesses are too risky.
B) They are not allowed to sell shares of stock to the general public.
C) They are allowed to provide insurance services, but not in their bank branches.
D) They are protected from competition from foreign controlled banks.
E) All of these are correct.

Question

Quizplus · Accepted Answer

Canadian banks are allowed to provide insurance services, but not in their bank branches. Small business financing is allowed, but they may require higher collateral or interest rates due to the perceived risks. Canadian banks are not restricted from selling shares to the general public. While some protections exist to ensure Canadian control of their financial system, foreign banks are allowed to operate in Canada and compete with domestic banks.

Which of the Following Is Correct with Regard to Canadian