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May 28, 2015

Homework Help: Money and Banking

Posted by Nikki on Sunday, March 31, 2013 at 12:59pm.

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

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