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Which of the Following Is Correct with Regard to the Canadian

Question 60

Multiple Choice

Which of the following is correct with regard to the Canadian banking system?


A) It is very similar to that in the U.S.,where there are many different banks,each with just a few branches.
B) The five largest Canadian banks account for about 50 percent of total bank assets.
C) Schedule A banks are those that are Canadian-owned and have no more than 10 percent of voting shares controlled by a single interest.
D) Because there a just a few large banks,banking is not very competitive in Canada.
E) Banks perform largely a storage function for money,and they do not generally help their customers manage their money.

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