Which of the Following Are True Statements

question 77

Multiple Choice

Which of the following are true statements?

• A) Schedule I and Schedule II banks have different powers.
• B) Widely held foreign banks can own 50 percent of a Canadian bank subsidiary.
• C) Any widely held and regulated Canadian financial institution, other than a bank, may own 100 percent of a bank.
• D) Schedule I banks have the same powers than Schedule II banks.

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Definitions:

Dividends Declared

Profit distributed by a company to its shareholders, typically in the form of cash or additional stock, based on the number of shares owned.

Stock Split

A stock split is an action taken by a company to divide its existing shares into multiple ones to boost the liquidity of the shares, without changing the overall value of shareholders' equity.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested back into the company.