Which of the Following Examples Constitutes a New Deposit to the Canadian

question 72

Multiple Choice

Which of the following examples constitutes a new deposit to the Canadian commercial banking system?

• A)an individual puts cash in a safety- deposit box
• B)the Bank of Canada sells government securities to an individual or a firm
• C)an individual transfers money from ShipShape Credit Union to Scotiabank
• D)an individual immigrates to Canada and deposits money from abroad
• E)the Bank of Canada buys foreign currency from abroad

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Definitions:

Reference Groups

Groups that individuals use as a standard for evaluating themselves and their own behavior.

Informational Influence

A phenomenon in social psychology where an individual changes their opinion or behavior to align with what they believe is the correct response based on the information or cues provided by others.

Normative Influence

Normative influence is the pressure to conform to the expectations or standards of a group or society.

Minority Slowness Effect

An effect that occurs when people who hold the minority position take longer to express their opinions.