What is the main purpose of the Canada Deposit Insurance Corporation (CDIC) ?
A) To protect member financial institutions in case of non-payment of loans from borrowers.
B) To protect member financial institutions in case of non payment of loans from the government.
C) To protect depositors with Canadian dollar accounts in member institutions for up to a maximum of $100 000 per eligible deposit.
D) To protect depositors with Canadian dollar accounts in any Canadian financial institution for up to a maximum of $100 000 per institution.
E) To protect depositors of any currency in any Canadian financial institution for up to a maximum of $100 000 per institution.
Correct Answer:
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