Which of the Following Examples Constitutes a New Deposit to the Canadian

question 43

Multiple Choice

Which of the following examples constitutes a new deposit to the Canadian commercial banking system?

• A)An individual transfers money from ShipShape Credit Union to Scotiabank.
• B)An individual immigrates to Canada and deposits money from abroad.
• C)An individual puts cash in a safety-deposit box.
• D)The Bank of Canada sells government securities to an individual or a firm.
• E)The Bank of Canada buys foreign currency from abroad.

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Definitions:

Increasing Revenue

The process of growing the amount of money generated from a business's operations, typically by enhancing sales, expanding markets, or improving pricing strategies.

Decreasing Costs

The process of reducing expenses and outlays in a business in order to improve profitability and efficiency.

Deep-Level Diversity

Differences in verbal and nonverbal behaviors that are not as easily perceived because they lie below the surface, such as differences in attitudes, values, beliefs, and personality.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing how they think, feel, and behave.