Choose the Statement That Is Incorrect About Trust and Loan

question 42

Multiple Choice

Choose the statement that is incorrect about trust and loan companies.

• A)Trust and loan companies hold more than 70 percent of the total assets of the Canadian financial services sector.
• B)The largest trust and loan companies are owned by banks.
• C)Trust and loan companies accept deposits and make personal loans and mortgage loans.
• D)Trust and loan companies administer estates.
• E)Trust and loan companies administer trusts and pension plans.

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Definitions:

Media Richness

Refers to the ability of a communication medium to effectively convey information and promote understanding.

Self-disclosure

The act of revealing personal information to others to foster deeper connections and understanding.

Acoustic

Relating to sound or the science of sound, especially as it is transmitted in air.

Social Media

Digital platforms that allow users to create, share, or exchange information, ideas, and content in virtual communities and networks.