What Is the Main Purpose of the Canada Deposit Insurance

question 27

Multiple Choice

What is the main purpose of the Canada Deposit Insurance Corporation (CDIC) ?

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

---

Definitions:

Load

In mechanical and structural engineering, a load is the force or weight supported by a structure or component.

Fulcrum

The support about which a lever pivots in physics, or a point of support that allows a lever to lift an object more easily.

Neurons Innervating

Refers to neurons that connect to and control the function of specific organs, muscles, or other neurons by transmitting nerve impulses to them.

Muscle Cells

Specialized cells that contract and relax to produce movement in the body, also known as myocytes.