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How much would the total coverage from cdic be for tim

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Question - Mindy is a grandmother. She has opened a trust account in RBC Bank. The beneficiaries are for two of her grandchildren Tim and Tina. The account has $ 40,000 in term deposit (1 year term) and $ 80,000 in a 4 year GIC. If RBC fails, how much would the total coverage from CDIC be for Tim and Tina together?

a. $80,000

b. $100,000

c. $200,000

d. Another amount

Reference no: EM133148327

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