Which of the Following Is NOT True About Labelling

question 83

Multiple Choice

Which of the following is NOT true about Labelling?

• A)It identifies the product brand.
• B)It can be used as a promotional tool
• C)It must reflect ingredients and quantities
• D)Canadian companies in food industry must use both official languages for labeling the products.
• E)The Consumer Packaging and Labelling Act and Regulations dictate all elements on the label.

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Definitions:

Actual Reserves

The amount of funds that a bank has on hand and available to lend, beyond its reserve requirements.

Required Reserves

The minimum amount of funds a bank must hold in reserve against deposit liabilities, as mandated by regulatory authorities.

Required Reserve Ratio

The fraction of deposits that banks are required to keep on hand and not loan out, used by central banks to control the amount of money in circulation.

Legal Reserves

Reserves that depository institutions are allowed by law to claim as reserves; vault cash and deposits held at Federal Reserve district banks.