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Retail Deposits Comprise the Largest Portion of Deposits for Canadian

question 8

True/False

Retail deposits comprise the largest portion of deposits for Canadian banks.


Definitions:

Retail Inventory Method

An accounting method used by retailers to estimate inventory cost by using a cost-to-retail price ratio.

Estimated Cost

An approximation of the cost for goods or services based on available information, used for budgeting and planning purposes.

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