A CMHC Program That Helps Low-Income Homeowners in Rural or Remote

question 43

Multiple Choice

A CMHC program that helps low-income homeowners in rural or remote areas make emergency repairs to keep their homes safe is called __________________

• A)Canada Pension Plan
• B)Home Adaptations for Seniors' Independence Program
• C)Old Age Security
• D)Emergency Repair Program
• E)Residential Rehabilitation Assistance Program

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Definitions:

FDIC

The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.

Bank Deposits

Money placed into banking institutions for safekeeping. These deposits are typically made into checking or savings accounts.

Bank Failures

Occurrences when banks are unable to meet their obligations to depositors and others, often leading to insolvency and closure.

Store of Value

A function of money allowing individuals to preserve purchasing power for future use.