Which of the Following Statements Is TRUE

question 39

Multiple Choice

Which of the following statements is TRUE?

• A)It is sometimes possible for the Federal Court of Appeal to hear an appeal from a decision of the Court of Appeal in your province.
• B)Every court other than a provincial court is classified as a superior court.
• C)Most small claims courts are part of the Federal Court system
• D)Justices of the Supreme Court of Canada are required to leave the court at age 75.
• E)A small claims court action always occurs in the jurisdiction where the plaintiff resides.

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Definitions:

Forward Rate

An interest rate agreed upon today for a loan that will start at a future date, reflecting expectations of future interest rates.

Future Rate

The future rate is a predicted interest or exchange rate based on current and expected future economic conditions, affecting loans, investments, and financial planning.

Foreign Bonds

Bonds issued in a domestic market by a foreign entity, in the domestic market's currency, as a method of securing capital from investors in that market.

International Bonds

Bonds issued in a country by a non-domestic entity, which can be denominated in the domestic or a foreign currency.