Hello! Please, answer 2 questions

Michael held a $50,000 3-year GIC in a non-registered account at ABC Bank, and a $200.000 RRSP that holds mutual funds at DEF bank. What will be Michael's maximum coverage under CDIC in the event that these 2 financial firms fail?

• $100,000

• $250,000

• $200,000

• 550,000

Anderson Securities Inc. exclusively serves high networth individual investors. What type of firm is Anderson?

• Integrated

• Institutional

• Retail

• boutique