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.

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne...
The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $547,000 in a joint account with her husband, Ted. How much is not covered by FDIC insurance? A. $611,500 B. $48,050 C. $250,000 D. $0 E. $47,000
Which of the following is not covered by Canada Deposit Insurance Corporation?
Which of the following is not covered by Canada Deposit Insurance Corporation?     Savings accounts    Term deposits     Debentures issued buy the financial institution    Mutual funds.
Which of the following is not covered by Canada Deposit Insurance Corporation?
Which of the following is not covered by Canada Deposit Insurance Corporation?     RRSPs invested in GICs    RRIFs invested in term deposits     RRSP invested in stocks    A joint chequing account.
The functions of the Bank of Canada include A. providing deposit insurance at Canadian commercial banks...
The functions of the Bank of Canada include A. providing deposit insurance at Canadian commercial banks B. setting the exchange rate for the Canadian dollar on world markets C. acting as the lender of last resort for the largest private corporations D. regulating banks and the stock market E. acting as banker for the commercial banks
1. The Federal Deposit Insurance Corporation insures all deposits against default. True or False
1. The Federal Deposit Insurance Corporation insures all deposits against default. True or False
- When chartered banks borrow from the Bank of Canada, the money supply is directly increased...
- When chartered banks borrow from the Bank of Canada, the money supply is directly increased by the borrowing. As banks now have excess reserves a further expansion of the money stock is made possible - As a general rule, a country will gain from international trade if it exports those goods for which it has a relatively low opportunity cost. - Comparative advantage ensures that Canadian exports of any good will equal Canadian imports of the same good. Which...
The Federal Deposit Insurance Corporation is a United States government corporation providing deposit insurance to depositors...
The Federal Deposit Insurance Corporation is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. The FDIC was created by the 1933 Banking Act, enacted during the Great Depression to restore trust in the American banking system. The FDIC recently conducted a survey and found that 45% of all financial consumers were very satisfied with their primary financial institution. If this figure still holds true today, suppose 28 financial consumers are sampled...
How does the Bank of Canada open market operation of purchasing bonds from chartered banks effect...
How does the Bank of Canada open market operation of purchasing bonds from chartered banks effect the components of the GDP = C+I+G+X-M? Be sure to mention exchange rates in your answer. 2. Draw the Canadian economy initially in long-run equilibrium at potential GDP of Yp and price level P1. Use that AD/AS model to illustrate the effect of each of the three following separate shocks to the model in the short run. A) Explain what happens to aggregate output...
The general public perceives a possibility of bankruptcy in banks (in the absence of deposit insurance)...
The general public perceives a possibility of bankruptcy in banks (in the absence of deposit insurance) because of the surge of bad debts. (a) How will the money multiplier and money supply be affected? Briefly explain. (b) Use diagrams to describe how the LM curve will be affected. Please indicate the money-market equilibrium interest rate and output clearly in your diagram.
How are the insurance premiums determined for deposit insurance? Use letters in alphabetical order to select...
How are the insurance premiums determined for deposit insurance? Use letters in alphabetical order to select options A The insurance premium is based on the bank’s level of riskiness and then adjusted according to the level of deposits of the overall U.S. banking system. B The insurance premium is based on the bank’s level of deposits and then adjusted according to the riskiness of the overall U.S. banking system's financial situation. C The insurance premium is based on the bank’s...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT