Commercial Banks in Canada

question 12

Multiple Choice

Commercial banks in Canada

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

---

Definitions:

Proportion

The fraction of a whole that represents a part of the population or dataset, often expressed as a percentage or decimal.

Observations

Observations are individual pieces of data or measurements collected during an experiment or survey, often used as a basis for analysis and conclusions.

Mean, Median, Mode

Statistical measures used to summarize a set of data where mean is the average, median is the middle value when data is sorted, and mode is the most frequent value.

Sample Size

The number of observations or measurement in a sample.