Hi! Could you please answer these 2 questions?

Which of the following is (are) true of the robo-advisor service?

• portfolios are rebalanced regularly.

• use of a sophisticated algorithm increases costs to clients.

• portfolios are built primarily with ETFS.

• a & c

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