Which of the Banking Systems Is Followed in Canada

question 16

Multiple Choice

Which of the banking systems is followed in Canada?

• A)The fractional reserve system
• B)The metric reserve system
• C)The imperial reserve system
• D)The multiplicative reserve system

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Definitions:

Commodity

A raw material or primary agricultural product that can be bought, sold, or traded, often interchangeable with other commodities of the same type.

Quartz

A hard, crystalline mineral composed of silicon dioxide, common in many rock types and valued for its clarity and variety of colors.

Sulfide Minerals

Minerals composed of sulfur combined with a metal or semimetal, often associated with the formation of ores.

Impermeable Rocks

Rocks that do not allow water to pass through them due to lack of porosity or permeability.