Deposit Co-Insurance Requires That ________

question 36

Multiple Choice

Deposit co-insurance requires that ________.

• A) only a percentage of a deposit would be covered by insurance
• B) the amount of deposits covered by insurance would be lowered
• C) there be joint insurance from both bankers and depositors
• D) both the federal and provincial governments provide deposit insurance

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Definitions:

Semiannually

Occurring twice a year, or every six months.

Bond Interest Expense

The cost incurred by an entity for borrowing funds through issuing bonds, payable to bondholders as interest.

Semiannual

Occurring twice a year; every six months.

Par Value

The face value of a bond or stock, as stated by the issuing company, which often bears no relation to its market value.