Which of the Following Statements About Reserve Ratios at Canadian

question 105

Multiple Choice

Which of the following statements about reserve ratios at Canadian commercial banks is true? Commercial banks in Canada

• A)are required by the Bank Act to hold required reserves.
• B)have a reserve ratio of zero.
• C)have a reserve ratio of 100%.
• D)have a positive reserve ratio.
• E)never have excess reserves.

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Definitions:

Prairie Houses

Architectural style developed by Frank Lloyd Wright, characterized by low-pitched roofs, wide eaves, and a strong emphasis on horizontal lines, reflecting the flat, broad landscape of the American Midwest.

Fireplace

A structure within a home or building designed to contain a fire for heating and, in many cases, cooking.

Alexander Calder

An American sculptor known for inventing the mobile, a type of kinetic sculpture that moves with air currents.

Mobile

A kind of sculpture, invented by Alexander Calder, combining nonobjective organic forms and motion in balanced structures hanging from rods, wires, and colored, organically shaped plates.