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Tesy Tesy
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6 years ago
Which of the following statements about chartered banks is false?
A) A chartered bank is profit-seeking.
B) Chartered banks are the main source of short-term loans for businesses.
C) A chartered bank is privately owned.
D) A chartered bank serves individuals, non-business organizations, and businesses as a financial intermediary.
E) A chartered bank is required to use funds obtained from savers to purchase portfolios of government bonds.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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ByprivateByprivate
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6 years ago
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Tesy Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
cipcal
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Yesterday
Smart ... Thanks!
kater28
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2 hours ago
Good timing, thanks!
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