Which of the Following Identifies the Primary Function of OSFI

question 4

Multiple Choice

Which of the following identifies the primary function of OSFI?

• A)Manage the deposit insurance fund and carry out bank examinations.
• B)Regulate and examine banks.
• C)Charter national banks and approve their merger activity.
• D)Determine permissible activities for chartered banks.
• E)Stand as the "lender of last resort" for troubled banks.

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Definitions:

Propose Solutions

The act of presenting strategies or plans of action to solve specific problems or challenges.

Judicial Districts

Regions or areas within a country, defined for administrative purposes, where the judiciary operates and has authority.

Supreme Court

The highest judicial court in a country or state, which has the ultimate authority in interpreting the law and constitution.

Lower Court

A court of law that is lower in the hierarchy than an appellate court and typically is the first level at which legal cases are heard.