Why Is the Possibility of a Bank Run Extremely Small

question 95

Multiple Choice

Why is the possibility of a bank run extremely small in Canada today?

• A)The Bank of Canada guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.
• B)The Department of Finance guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.
• C)The Canadian Deposit Insurance Corporation provides deposit insurance on eligible deposits,so most depositors would not feel the need to withdraw all of their money in a panic.
• D)The Office of the Superintendent of Financial Institutions provides deposit insurance on eligible deposits,so most depositors would not feel the need to withdraw all of their money in a panic.
• E)Industry Canada guarantees the deposits at all commercial banks in Canada,eliminating the danger of a rush of withdrawals.

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Definitions:

Oral

Pertaining to the mouth, including speech or the administration of medication through the mouth.

Rectal

Pertaining to, located at, or related to the rectum, which is the final section of the large intestine, terminating at the anus.

Axillary

Relating to the area under the arm where it meets the shoulder, often referenced in medical and anatomical contexts.

Oral

Pertaining to the mouth or taken through or applied in the mouth, often used in the context of medications or narrations.