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deposit insurance system for canada 4. How is the deposit insurance scheme financed in canada? (Remember: ex poste / ex ante, risk- or non-risk adjusted
deposit insurance system for canada
4. How is the deposit insurance scheme financed in canada? (Remember: ex poste / ex ante, risk- or non-risk adjusted plus rates in the form of percentages of insured deposits held by banks in system plus government contribution if any). Make sure you provide percentages wherever relevant. (clickable linked reference) 5. Suppose that you have local currency equivalents of the following accounts: Savings account $10,000 Current Account $10,000 CD (one year maturity) $15,000 CD (five year maturity) $17,500 plus the following foreign currency accounts: $10,000 10,000 I Suppose the bank fails. How much can you expect to recover/to lose from deposit insurance given deposit insurance coverage rules in the jurisdictions in which you have been assigned? What percent did you, as the depositor, actually recovery of the total sums that were deposited at the failed bank (with all foreign currency accounts converted into the relevant local currency)? 4. How is the deposit insurance scheme financed in canada? (Remember: ex poste / ex ante, risk- or non-risk adjusted plus rates in the form of percentages of insured deposits held by banks in system plus government contribution if any). Make sure you provide percentages wherever relevant. (clickable linked reference) 5. Suppose that you have local currency equivalents of the following accounts: Savings account $10,000 Current Account $10,000 CD (one year maturity) $15,000 CD (five year maturity) $17,500 plus the following foreign currency accounts: $10,000 10,000 I Suppose the bank fails. How much can you expect to recover/to lose from deposit insurance given deposit insurance coverage rules in the jurisdictions in which you have been assigned? What percent did you, as the depositor, actually recovery of the total sums that were deposited at the failed bank (with all foreign currency accounts converted into the relevant local currency) Step by Step Solution
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