As the Banking System in Canada Evolves, It Is Expected

question 60

Multiple Choice

As the banking system in Canada evolves, it is expected that ________.

• A) the number and importance of small banks will increase
• B) the number and importance of large banks will decrease
• C) small banks will grow at the expense of large banks
• D) the number and importance of large banks will increase

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Definitions:

Operating Activities

Activities that are directly related to the running of a business and its day-to-day functions, generating most of its revenue and expenses.

Financing Activities

Transactions and events where a business raises funds to support its operations and expansions, often through borrowing or equity issuance.

Operating Activities

Activities that constitute the primary or main activities of a business, including sales, services, and day-to-day operations.

Merchandise Inventory

The total value of a retailer's or wholesaler's goods on hand at the end of an accounting period, available for sale to customers.