A client has the following accounts with an investment dealer who becomes insolvent: $0.5 million in a cash account, $0.6 million in a margin account, $0.55million in RRSP A, $0.65 million in RRSP b, 0.70 million in trust for a daughter. Calculate the total amount of her coverage under Canadian Investor Protection Fund.
A. 2.0 million
B. 2.7 million
C. 2.9 million
D. 3.0 million
私教老师回答，accounts such as cash, margin, short sale, options, futures, and foreign currency are combined and treated as one general account entitled to the maximum coverage of $1 million. Separate accounts, such as registered accounts and trusts, are each entitled to the maximum coverage of $1 million. 所以cash+margin最多1 million，然后两个RRSP最多1million，最后那个trust是给女儿的，0.7million,所以答案是2.7.