This Question: 1 pt 17 of 40 (0 complete) o the Canadian commercial banking Whic

Question

This Question: 1 pt 17 of 40 (0 complete) o the Canadian commercial banking Which of the following examples constitutes a new deposit to the Canadian commercial banking system? A. an individual puts cash in a safety-deposit box B. an individual immigrates to Canada and maintains his existing deposits in a foreign bank ° C. the Bank of Canada buys government securities from a Canadian commercial bank D. the Bank of Canada buys foreign currency from abroad an individual transfers money from Ship Shape Credit Union to Scotiabank O E.

Explanation / Answer

(1) (E)

(2) (A)

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