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

question 47

Multiple Choice

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

• A)an individual immigrates to Canada and maintains his existing deposits in a foreign bank.
• B)an individual transfers money from Ship Shape Credit Union to Scotiabank.
• C)the Bank of Canada buys government securities from a Canadian commercial bank.
• D)an individual puts cash in a safety- deposit box.
• E)the Bank of Canada buys foreign currency from abroad.

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Definitions:

Single Breath

A process of inhaling once then exhaling, often used in respiratory testing to assess lung function and capacity.

Oxygen

A chemical element essential for life, necessary for cellular respiration in most organisms, and a major component of Earth's atmosphere.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, considered a greenhouse gas.

Alveoli

Small, air-filled sacs in the lungs where gas exchange between the air and blood takes place.