The commercial banking industry in Canada is less competitive than the commercial banking industry in the United

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“The commercial banking industry in Canada is less competitive than the commercial banking industry in the United States because in Canada only a few large banks dominate the industry, while in the United States there are around 6500 commercial banks.” Is this statement true, false, or uncertain? Explain your answer.

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The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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