A policy that covers a trader against the risk of payment default by customer is

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Insurance WAEC 2017

A policy that covers a trader against the risk of payment default by customer is

  • stock insurance
  • trade insurance
  • fidelity insurance checkmark
  • credit insurance

The correct answer is: C

Explanation

Fidelity Guarantee Insurance provides insurance against direct financial loss to companies arising out of the dishonesty of their employees.

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