Which of the following is correct with regard to recent changes in banking in Canada?
A) Banks are increasingly focusing on their role as intermediaries between depositors and borrowers.
B) Consumers are turning to electronic banks like President's Choice Financial.
C) Rather than making most of their profit from investment banking fees,banks now make most of their money from the spread between interest rates paid to depositors and the rates charged on loans.
D) During the last few years,large companies have increased their reliance on bank loans.
E) U.S.and other foreign banks are not allowed to do business in Canada.
Correct Answer:
Verified
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