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In Canada, the Canada Deposit Insurance Corporation (CDIC) insures personal bank account balances up ...

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In Canada, the Canada Deposit Insurance Corporation (CDIC) insures personal bank account balances up ...

In Canada, the Canada Deposit Insurance Corporation (CDIC) insures personal bank account balances up to $100,000. What is the primary reason for this provision?

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This canencourage banking institutions toexpand their business.

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This canprevent a “bank run” and ensure stability in timesofeconomic uncertainty.

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Thiswould givethe governmentmore controlover the banking system.

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Thisis a common practiceinthe U.S. andall other developed economies.

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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relisabeth

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More solutions for this book are available here

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greyfrost Author

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Smart ... Thanks!

GeorgeNeist

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Helped a lot

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