Key regulatory differences between Canada and the United States generally ensure that banking is more stable on Canada than on the United States.Which of the following is NOT a key difference between the two systems?
A) Canada requires higher minimum down payments on mortgages.
B) Maximum amortization periods are longer in Canada.
C) Canada requires higher minimum credit scores to obtain a mortgage.
D) Canada requires lower minimum down payments on mortgages.
Correct Answer:
Verified
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