why is Canadian banks called chartered banks? a). Because they receive a chater to print money....
why is Canadian banks called chartered banks? a). Because they receive a chater to print money. B). Because they receive a chater to operate in a specific province. C). Because they are run by chartered accounts. D). Because they receive a chater under the bank act. E). Because they are protected under the charter of rights and freedoms
Homework Answers
Banking in Canada is considered as of the most efficient and safest banking systems all over the world.
Chartered bank in Canada provide various service to the customers which include lending to individuals, deposit funds from private and large scale organizations. Chartered banks float a currency so they process all customers’ normal transaction whereas they lend the accumulated sum to the individuals to enhance the economic growth of the country.
So ( 4) part is a correct answer
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why is Canadian banks called chartered banks? a).
Because they receive a chater to print money....
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Banks offer various types of accounts, such as savings,
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Question 16 (1 point) Saved Credit cards are considered to be "money substitutes" instead of money because OA) they are not acceptable to pay for purchases. OB) they cannot serve as a temporary medium of exchange. O C) the only function of money they can perform is to serve as a store of value. O D money must eventually be used to pay for the transaction. E) credit card accounts are not chequable. Question 17 (1 point) Until recently, and...
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