Question: A. Explain three major differences between U.S. and Canadian banks. B. Why has the Canadian banking system been more stable than the U.S. banking system?

A. Explain three major differences between U.S. and Canadian banks.

B. Why has the Canadian banking system been more stable than the U.S. banking system?

C. Briefly explain the fundamentals of money creation by Canadian chartered banks using the fundamentals of 'deposit creation'.

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