The Two Basic Functions of the Canadian Chartered Banks and Saving

question 78

Multiple Choice

The two basic functions of the Canadian chartered banks and saving institutions are:

• A)making loans to the public and the federal government.
• B)holding the money deposits of businesses and households, and making loans to the public.
• C)holding the money deposits of businesses and households, and lending to the federal government.
• D)creating money and lending to the federal government.

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Definitions:

Gallons

A unit of volume measurement used primarily in the United States, equivalent to 3.785 liters.

Liters

A metric unit of volume equal to one cubic decimeter, used to measure liquids and gases.

Reception

The act or process of receiving guests or answering calls in settings such as hotels, events, or offices.

USDA

The United States Department of Agriculture, an agency overseeing agriculture, food safety, and rural development.