What Is the Composition of the Board of Directors of the Bank

question 20

Multiple Choice

What is the composition of the Board of Directors of the Bank of Canada?  

• A) governor, senior deputy governor, deputy minister of finance, and 12 directors 
• B) the governor, senior deputy governor, and 12 directors 
• C) the governor and 12 directors 
• D) governor, deputy minister of finance, and 12 directors

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Definitions:

Current Assets

Short-term assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.

Merchandise Inventory

Goods and products that a retail business holds in stock with the intention of selling them to customers.

Current Liabilities

Short-term financial obligations that are due within one year or within a normal operating cycle.

Debt-to-equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets, key in assessing financial leverage.