Canadian Securities Course (CSC) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Practice for the Canadian Securities Course (CSC) exam with our quiz. Test your knowledge with multiple-choice questions. Be prepared for the real exam!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What type of banks are large domestic banks with ownership restrictions on shares?

  1. Schedule II banks

  2. Schedule I banks

  3. Schedule III banks

  4. Trust company

The correct answer is: Schedule I banks

Large domestic banks with ownership restrictions on shares are known as Schedule I banks. Schedule II banks are small domestic banks that may be owned by foreign banks. Schedule III banks are federally regulated foreign bank branches and subsidiaries. Trust companies are financial institutions that manage trusts and estates, but may not necessarily be subject to the same ownership restrictions as Schedule I banks. Therefore, the best answer is Schedule I banks.

More Questions Like This