the economics of money, banking, and financial markets

290 $

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12. 
    

    The 2011 premium rate (as a percentage of insured deposits) for member institutions in risk
    category 4 was ____.
    A) 1/36 of 1 percent
    B) 1/18 of 1 percent
    C) 1/9 of 1 percent
    D) 2/9 of 1 percent
    Answer: D
    Diff: 2 Type: MC Page Ref: 228
    Skill: Recall
    Objective List: 10.3 Examine CDIC Developments

    
    


13. 
    

    Banking reform possibilities include ____.
    A) coinsurance
    B) bank mergers
    C) reduced capitalization requirements
    D) reducing the scope of deposit insurance
    Answer: A
    Diff: 2 Type: MC Page Ref: 229
    Skill: Recall
    Objective List: 10.3 Examine CDIC Developments

    
    


14. 
    

    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
    Answer: A
    Diff: 2 Type: MC Page Ref: 229
    Skill: Recall
    Objective List: 10.3 Examine CDIC Developments

    
    


15. 
    

    The MacKay Task Force may recommend that the ____.
    A) OFSI and CDIC be amalgamated
    B) CDIC be abolished
    C) Standards of Sound Business Practices be implemented
    D) OFSI and CDIC should be separated
    Answer: A
    Diff: 2 Type: MC Page Ref: 231
    Skill: Recall
    Objective List: 10.3 Examine CDIC Developments