Which of the Following Is One of the Important Routine

question 103

Multiple Choice

Which of the following is one of the important routine functions of the Bank of Canada?

• A)To help new commercial banks sell securities.
• B)To supply the economy with currency.
• C)To advise commercial banks as to the most profitable ways of reinvesting profits.
• D)To help commercial banks establish good financial arrangements with foreign banks.
• E)All of these.

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Definitions:

Return On Total Assets

A financial ratio that measures a company's profitability relative to its total assets.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

Days' Sales In Inventory

A financial metric indicating the average time in days that a company takes to turn its inventory into sales.

Return On Total Assets

A financial ratio that measures the profitability of a company relative to its total assets.