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Bank consolidation will likely result in ____.
A) less competition
B) the elimination of credit unions
C) more competition
D) a shift in assets from larger banks to smaller banks
Answer: C
Diff: 1 Type: MC Page Ref: 256 - 257
Skill: Recall
Objective List: 11.5 Understanding the four pillar approach to Canadian banking
In a ____ banking system, commercial banks engage in securities underwriting, but
legal subsidiaries conduct the different activities. Also, banking and insurance are not typically
undertaken together in this system.
A) universal
B) British-style universal
C) short-fence
D) compartmentalized
Answer: B
Diff: 1 Type: MC Page Ref: 257
Skill: Recall
Objective List: 11.5 Understanding the four pillar approach to Canadian banking
In a ____ banking system, commercial banks engage in securities underwriting.
A) British-style universal
B) German-style universal
C) Japanese-style universal
D) South American-style universal
Answer: A
Diff: 2 Type: MC Page Ref: 257
Skill: Recall
Objective List: 11.5 Understanding the four pillar approach to Canadian banking
In a ____ banking system, commercial banks provide a full range of banking, securities,
and insurance services, all within a single legal entity.
A) universal
B) severable
C) barrier-free
D) dividerless
Answer: A
Diff: 1 Type: MC Page Ref: 257
Skill: Recall
Objective List: 11.5 Understanding the four pillar approach to Canadian banking