Canadian Securities Course (CSC) Practice Exam · Question
What is the main function of the Canada Deposit Insurance Corporation (CDIC)?
CDIC is a federal Crown corporation that provides deposit insurance to Canadians for eligible deposits held at its member institutions in case of a bank or fina
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
Question: What is the main function of the Canada Deposit Insurance Corporation (CDIC)?
Answer options:
- To regulate the Canadian banking industry. ✅ To provide deposit insurance to eligible deposits at its member institutions.
- To conduct monetary policy.
- To supervise broker-dealers in Canada.
Correct answer: To provide deposit insurance to eligible deposits at its member institutions.
Explanation: CDIC is a federal Crown corporation that provides deposit insurance to Canadians for eligible deposits held at its member institutions in case of a bank or financial institution failure.
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
More about Canadian Securities Course (CSC) Practice Exam
More for Canadian Securities Course (CSC) Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Canadian Securities Course (CSC) Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.