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WAEC Commerce 2018 Question 21

Question 21

Insurance

The insurance policy taken to cover dishonesty of accounts personnel of an organization is

  1. A.employers liability.
  2. B.fidelity guarantee.
  3. C.life endowment.
  4. D.marine insurance.
Show the answer and explanation

Answer: B (fidelity guarantee.)

Explanation

Fidelity guarantee insurance protects an employer against loss caused by the dishonesty of employees who handle money.