The Difference Between a Schedule II and a Schedule III

question 103

Multiple Choice

The difference between a Schedule II and a Schedule III bank is that ________.

• A) a Schedule II bank is a Canadian subsidiary of a foreign bank
• B) a Schedule III bank is a foreign bank is not allowed to branch directly into Canada
• C) a foreign bank may enter the Canadian banking industry only as a Schedule III bank
• D) widely held foreign banks can own 50 percent of a Canadian bank subsidiary

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Definitions:

Jaeger Card

A small card marked with print of various sizes used for testing close vision and reading capabilities.

Snellen Chart

A chart used for testing visual acuity, featuring lines of letters decreasing in size.

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A term referring to an infant that is recently born, typically considered to be from birth to 1 month of age.