The CDIC Does Not Insure Term Deposits with an Initial

question 68

Multiple Choice

The CDIC does not insure term deposits with an initial maturity date of more than ________.

• A) 5 years
• B) 2 years
• C) 1 year
• D) 90 days

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Definitions:

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant, alleging wrongdoing.

Defendant

The party against whom a lawsuit is filed in a court of law.

Unanimous Opinion

A judicial decision in a court case where all the judges or justices agree on the outcome and rationale of the decision.

Dicta

Latin term referring to nonbinding, nonprecedential judicial statements that are not directly related to the facts or issues presented in the case and thus are not essential to the holding.