Question
Canada's 5 largest investment banks are owned by Canada's largest banks. This is because:
a) They are all ultimately owned by the taxpayer
b) Investment banks must have bank depositor's cash to give them liquiditiy
c) Ultimately, they are in the same kind of business
d) Bank of Canada regulation requires that investment banks be owned by banks
a) They are all ultimately owned by the taxpayer
b) Investment banks must have bank depositor's cash to give them liquiditiy
c) Ultimately, they are in the same kind of business
d) Bank of Canada regulation requires that investment banks be owned by banks
Answers
Anjali
I believe the correct answer should be c) Investment banks and the big 5 are just branches of each other, they do the same thing.