Which of the Following Contains the Fundamental Principles Guiding the Enactment

question 131

Multiple Choice

Which of the following contains the fundamental principles guiding the enactment of laws and the application of those laws by the courts in Canada?

• A)statute law
• B)case law
• C)the Constitution
• D)administrative law

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Definitions:

Loans

Money, goods, or services given to an individual or entity with the expectation of a future repayment, typically with interest.

Reserve Requirement

A central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend out.

Deposits

Funds placed into an account at a banking institution for safekeeping and possible interest accrual.

Reserves

Reserves refer to funds or other assets that banks or financial institutions hold to meet unexpected demands or regulatory requirements.