Question: 1. Explain three major differences in policy between U.S. and Canadian banks. 2. Why has the Canadian banking system been more stable than the U.S.

1. Explain three major differences in policy between U.S. and Canadian banks. 2. Why has the Canadian banking system been more stable than the U.S. banking system. 3. Briefly explain the fractional reserve system in Canada. ( PLEASE USE YOUR OWN WORDS ... AND ANSWER ALL QUESTIONS WITH FULL EXPLANATION)

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