Which of the Following Best Describes the Level of Per

question 49

Multiple Choice

Which of the following best describes the level of per capita debt for Canadians?

• A)Canadian per capita debt is under control, but not so for Americans.
• B)While the debt level has increased, it is not that much more than inflation.
• C)Debt has increased 5.2 times between 1980 and 2006.
• D)Canadian debt as a percentage of disposable income has increased to 40 percent in 2008.

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Definitions:

Mobile Banking

A banking method that allows the bank customer to perform banking actions on his or her cell phone or other mobile device.

Banking Transactions

Financial activities conducted through a bank, such as deposits, withdrawals, transfers, and payments.

Smartphone

A smartphone is a mobile device that combines cellular connectivity, computing capabilities, and internet access, along with other functionalities.

MICR Numbers

A line of numbers printed at the bottom of checks using a special magnetic ink; includes bank routing number, account number, and check number, used for electronic processing.