Suppose the Rare Event Occurs That a Major Canadian Commercial

question 112

Multiple Choice

Suppose the rare event occurs that a major Canadian commercial bank is on the verge of insolvency and collapse due to volatile world credit markets.The likely initial response is

• A)a bankruptcy filing overseen by the Superintendent of Financial Institutions.
• B)the adoption of all of the bank's liabilities by the Bank of Canada as the "lender of last resort."
• C)the sale of the bank's assets to the remaining commercial banks.
• D)the provision of funds by the World Bank as the "lender of last resort."
• E)the provision of funds by the Bank of Canada as the "lender of last resort."

---

Definitions:

Popular Majority

The majority of total votes cast by the public in an election, as opposed to a majority of elected representatives or electoral votes.

Tyranny

Tyranny is a form of government in which a single ruler holds absolute power and exercises it in a cruel or unjust manner.

Antifederalists

Opponents of the ratification of the U.S. Constitution, who favored a weaker central government.

Bill of Rights

The Bill of Rights is the first ten amendments to the United States Constitution, guaranteeing fundamental civil rights and freedoms.