317 $
© 2014 Pearson Canada Inc.$11.3 Structure of the Canadian Commercial Banking Industry
The six largest chartered banks in Canada together hold ____ of the assets in the
industry.
A) over 90 percent
B) nearly 75 percent
C) just over 50 percent
D) 25 percent
Answer: A
Diff: 1 Type: MC Page Ref: 251
Skill: Recall
Objective List: 11.3 Differentiate between chartered banks and near banks (i.e., trust and
mortgage loan companies, and credit unions and caisses populaires)
Which of the following are true statements?
A) Schedule I banks have more powers than Schedule II banks.
B) Widely held foreign banks can own 50 percent of a Canadian bank subsidiary.
C) A Schedule II bank may have a significant shareholder (more than 10 percent) for up to 10
years after chartering.
D) A Schedule III bank is a foreign bank is not allowed to branch directly into Canada.
Answer: C
Diff: 1 Type: MC Page Ref: 252
Skill: Recall
Objective List: 11.3 Differentiate between chartered banks and near banks (i.e., trust and
mortgage loan companies, and credit unions and caisses populaires)
Which of the following are true statements?
A) Schedule I and Schedule II banks have different powers.
B) Widely held foreign banks can own 50 percent of a Canadian bank subsidiary.
C) Any widely held and regulated Canadian financial institution, other than a bank, may own
100 percent of a bank.
D) Schedule I banks have the same powers than Schedule II banks.
Answer: C
Diff: 1 Type: MC Page Ref: 252
Skill: Recall
Objective List: 11.3 Differentiate between chartered banks and near banks (i.e., trust and
mortgage loan companies, and credit unions and caisses populaires)