Which of the following is a characteristic of Scotiabank?
A)It can issue currency.
B)It is part of the "big 5" commercial banks group.
C)It acts as a central bank for Nova Scotia.
D)It is owned by the Canadian government.

Question

Quizplus · Accepted Answer

Scotiabank is part of the "big 5" commercial banks group in Canada, along with Royal Bank of Canada, TD Bank, Bank of Montreal, and Canadian Imperial Bank of Commerce. Scotiabank is not a central bank and does not issue currency. It is also not owned by the Canadian government.

Which of the Following Is a Characteristic of Scotiabank