Canada's growing ______ has led to an increase in other banking models.

Question

Quizplus · Accepted Answer

As Canada's cultural diversity is growing, this has led to an increase in other banking models to cater to the needs of diverse communities. For example, Islamic banking has gained popularity among the Muslim population in Canada, which follows Islamic principles prohibiting interest-based transactions. This has led to the emergence of specialized Islamic banks and Islamic finance products in Canada. Thus, option D is the most accurate answer. The other options - international operations, firms, and money supply - do not explain the reason for the increase in alternative banking models in Canada.

Canada's Growing ______ Has Led to an Increase in Other