Which of the Following Examples Constitutes a New Deposit to the Canadian

question 87

Multiple Choice

Which of the following examples constitutes a new deposit to the Canadian commercial banking system?

• A)an individual transfers money from Ship Shape Credit Union to Scotiabank
• B)an individual immigrates to Canada and maintains his existing deposits in a foreign bank
• C)an individual puts cash in a safety-deposit box
• D)the Bank of Canada buys government securities from a Canadian commercial bank
• E)the Bank of Canada buys foreign currency from abroad

---

Definitions:

Competence

Refers to the ability of an individual or organization to effectively perform or carry out a specific task or role.

Confidence

The belief in one's abilities or qualities and the assurance in the trustworthiness or success of something or someone.

Self-Efficacy

A person’s belief that she or he is capable of performing a task.

Motivation

The process by which a person’s desires and values influence his or her behavior.