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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
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
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
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