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:

Gerontological Unit

A specialized hospital or health care wing dedicated to the care and treatment of older adults, focusing on geriatric medicine.

Functional Independent

The ability of an individual to perform daily activities without assistance.

Convalescence

The period of recovery and regaining of health following illness, injury, or medical treatment.

Nursing Centre

A healthcare facility focused on providing nursing care and support services to patients.