Bank Failures Are Less Likely to Occur in Canada Than

question 24

Multiple Choice

Bank failures are less likely to occur in Canada than in the U.S.because Canadian banks are

• A) relatively small.
• B) relatively large and well diversified geographically.
• C) have larger liquid asset bases.
• D) the Bank of Canada monitors the behaviour of the chartered banks.
• E) in smaller numbers than in the U.S.

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the rights of workers to organize, join labor unions, and engage in collective bargaining.

Employer

An individual or organization that hires and pays individuals for their labor or services.

Negotiations

The process of discussing and aiming to reach a mutual agreement between parties with differing needs or viewpoints.

Railway Labor Act

A federal law in the United States that aims to avoid work stoppages and labor-management disputes in the railway and airline industries.