To prevent bank runs and the consequent bank failures, the Canada established the ________ to provide deposit insurance.

Question

Quizplus · Accepted Answer

The CDIC (Canada Deposit Insurance Corporation) was established in Canada to provide deposit insurance and prevent bank runs and bank failures. Therefore, option A is the correct answer. The OSC (Ontario Securities Commission) is a regulatory agency responsible for enforcing securities regulations in Ontario, and the Bank of Canada is the country's central bank. ATMs are machines that allow customers to withdraw cash or perform other banking transactions, but they do not provide deposit insurance.

To Prevent Bank Runs and the Consequent Bank Failures, the Canada