Solved

The Canada Deposit Insurance Corporation (CDIC)was Set Up to Protect

Question 47

Multiple Choice

The Canada Deposit Insurance Corporation (CDIC) was set up to protect

A) member financial institutions in case of non-payment of loans from borrowers.
B) member financial institutions in case of non payment of loans from the government.
C) depositors with Canadian dollar accounts in member institutions for up to a maximum of $100 000 per eligible deposit.
D) depositors with Canadian dollar accounts in any Canadian financial institution for up to a maximum of $100 000 per institution.
E) depositors of any currency in any Canadian financial institution for up to a maximum of $100 000 per institution.

Correct Answer: