A chartered bank is a privately owned, profit seeking business firm.
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Q147: A personal chequing account represents demand deposits
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Q149: The main function of financial institutions is
Q150: Certificates of deposits (CDs) and saving certificates
Q151: Banks are now making a larger proportion
Q153: A banker's acceptance promises that the bank
Q154: Banks are the major source of short-term
Q155: Banks are permitted to own securities dealers.
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Q157: M-1 includes M-2 plus currency, demand deposits,
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