Laila has a $150,000 3-year, term deposit and a $75,000 1-year, GIC sitting in an account at
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Laila has a $150,000 3-year, term deposit and a $75,000 1-year, GIC sitting in an account at Lincoln Trust & Saving Company. This financial institution is a member institution of the Canada Deposit Insurance Corporation (CDIC). If Lincoln Trust becomes insolvent, what maximum coverage under CDIC rules is Laila entitled to? Options: 1. $225,000. 2. $75,000. 3. $175,000. 4. $100,000.
Related Book For
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
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