Over the years, a grandma has saved $20,000 in a two-year GIC and $100,000 in...
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Over the years, a grandma has saved $20,000 in a two-year GIC and $100,000 in money market funds in her own RRSP account. She and her son have a joint chequing account of $15,000. To provide overseas education, this grandma has also opened a trust account of $250,000 for her two grandchildren as beneficiaries with equal division. Being so absent-minded, if she has forgotten to update the banks about the trust account, how much of her money will be exposed to risk? ____
A) $170,000
B) $300,000
C) $270,000
D) $185,000
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