Question

In: Finance

Which of the following is not covered by Canada Deposit Insurance Corporation?

  1. Which of the following is not covered by Canada Deposit Insurance Corporation?

    1.      Savings accounts

    2.     Term deposits

    3.      Debentures issued buy the financial institution

    4.     Mutual funds.

Solutions

Expert Solution

All the deposits viz. Savings, Term, are covered by CDIC. Also, certain debentures by financial institution are also covered. But, Mustual Funds are NOT.

Therefore, (d) Mutual Funds

jeff jeffy answered 2 years ago
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