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:

Coefficient of Determination

A measure used in statistical models that defines the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Coefficient of Correlation

A statistical measure that calculates the strength and direction of the relationship between two variables or data sets.

Numerical Value

A measurable quantity represented by a number, often used to quantify an attribute or parameter in scientific and mathematical contexts.

Outlier

An unusually small or unusually large data value.