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:

In Person

A mode of interaction or attendance that involves physical presence in a particular location, as opposed to being remote or virtual.

Death Notifications

This refers to the formal process of informing individuals about a person's death, usually done by officials or institutions in a sensitive and regulated manner.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Additional Support

Extra assistance provided to meet specific needs, often used in educational, workplace, or healthcare contexts.