Which of the following statements about the banking system in Canada is true? Banks in Canada practise fractional-reserve banking. The Bank of Canada sets reserve requirements that b a) The array of seven-year terms represents the duration of presidential terms in the United States. b) The array of seven-year terms represents the typical length of a Senate term in the United States. c) The array of seven-year terms represents the average duration of a Supreme Court justice's tenure. d) The array of seven-year terms represents the amount of time a person can be president under the term limits outlined in the 22nd Amendment.