Question 7 (1 point) Bank mergers have never been allowed to take place in Canada. 1) True 2) False Question 8 (1 point) Currently, there are no trust companies that are independent of the Canadian banks that have a national scope of operations. 1) True 2) False Question 9 (1 point) One of the most commonly used products by most clients of Canadian banks is the certified cheque. 1) True 2) False Question 10 (1 point) Overdraft protection is most commonly offered to clients when they open a new chequing account. 1) True 2) False Question 11 (1 point) The primary role of investment dealers is to provide underwriting services. 1) True 2) False Question 12 (1 point) The type of pension plan that offers a known amount of pension payout when a person retires is called a defined-contribution plan. 1) True 2) False