The Two Basic Functions of the Canadian Chartered Banks and Saving

question 78

Multiple Choice

The two basic functions of the Canadian chartered banks and saving institutions are:

• A)making loans to the public and the federal government.
• B)holding the money deposits of businesses and households, and making loans to the public.
• C)holding the money deposits of businesses and households, and lending to the federal government.
• D)creating money and lending to the federal government.

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Definitions:

Nineteenth Century

The period from the year 1801 to 1900, marking the 19th century of the Gregorian calendar.

External Mobilization

The process of engaging and rallying support from outside an organization or cause to pressure for change or achieve specific goals.

Republican Party

One of the two major contemporary political parties in the United States, often associated with conservative and right-leaning policies.

Party Systems

Structures within political landscapes defined by the number of significant political parties and their interactions within a government's framework.