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:

Legislative Chamber

A formal assembly or room where a legislature meets to discuss and make laws.

Majority

The greater part or number; the number of votes, seats, or individuals in a group that is more than half of the total count.

Policy Advocate

An individual or group that actively supports and promotes specific policies or legislation to influence public opinion or decision-making.

Political Campaign

An organized effort aimed at influencing the decision-making process within a specific group, often related to elections.