Which of the Following Are True Statements

question 77

Multiple Choice

Which of the following are true statements?

• A) Schedule I and Schedule II banks have different powers.
• B) Widely held foreign banks can own 50 percent of a Canadian bank subsidiary.
• C) Any widely held and regulated Canadian financial institution, other than a bank, may own 100 percent of a bank.
• D) Schedule I banks have the same powers than Schedule II banks.

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Definitions:

Unintentional

Actions or outcomes occurring without intention, plan, or deliberate cause, often resulting in unexpected consequences.

Computer Crimes

Illegal activities conducted through the use of computers or the internet, including hacking, identity theft, and unauthorized data access.

Billions

A numeral representing the number 1,000,000,000 or a vast quantity of something.

Patent

A document that grants the holder exclusive rights on an invention or process for a specified period of time, currently 20 years.