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WAEC Commerce 2014 Question 8

Question 8

Insurance

Fidelity guarantee insurance will only cover

  1. A.cashier's fraud.
  2. B.daylight robbery.
  3. C.loss of profit
  4. D.unpaid loan.
Show the answer and explanation

Answer: A (cashier's fraud.)

Explanation

Fidelity guarantee covers losses from employees' dishonesty, such as a cashier's fraud.