Question

In: Finance

The CDIC (Canada Deposit Insurance Corporation) insures depositsat chartered banks up to Select one:a....

The CDIC (Canada Deposit Insurance Corporation) insures deposits at chartered banks up to Select one:

a. $50 000.

b. $150 000.

c. $75 000.

d. $100 000.

Solutions

Expert Solution

Answer - $100000

Reason - Canada deposit insurance corporation insures deposit upto $100000 per depositor, provided the amount must be diposited in chartered bank in canadian currency.


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