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

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Definitions:

Late Adulthood

The final stage of the human life span, typically considered to begin around the age of 65.

Self-Esteem

The perception that a person has of their own self-worth, value, and capabilities.

Independence

The state of being self-reliant and free from outside control, or the capacity to make decisions and act on one's own behalf.

Dependence

The state of relying on or needing someone or something for aid, support, or the like.