Alex Works for RBC Where He Is Trying Understand Whether

question 90

Multiple Choice

Alex works for RBC where he is trying understand whether the bank should be open on Sundays, in order to compete with CIBC. Which department is Alex likely a part of?

• A)sales
• B)marketing research
• C)advertising
• D)publicity

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Definitions:

Depository Institutions

Financial organizations, such as banks and credit unions, that accept deposits from individuals and provide loans and other financial services.

Borrow

Obtaining funds from another party with the promise to return the principal amount along with agreed-upon interest or dividends.

Discount Rate

The rate at which financial institutions can borrow funds from the central bank, often used as a monetary policy tool.

Depository Institutions

Financial institutions that accept deposits from individuals and provide loans.