The Differential Premiums By-Law Classifies CDIC Institutions According to Their

question 90

Multiple Choice

The Differential Premiums By-law classifies CDIC institutions according to their risk profile. ________ dominate the criteria.

• A) Capital adequacy measures
• B) Quantitative aspects
• C) Qualitative aspects
• D) CAMELS rating

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Definitions:

Certificate of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, often issued by banks.

Promissory Note

A financial document in which one party (the maker) promises to pay another party (the bearer) a definite sum of money, either on a specific date or upon demand.

Indorsement

An alternative spelling for endorsement; the act of signing one's name on a document to validate it or transfer its ownership.

Tort of Conversion

A legal term referring to the wrongful possession or use of property without permission, effectively converting it from the owner's possession to the wrongdoer's.