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Wewaii [24]
3 years ago
9

The head teller of a bank embezzled $50,000 from the bank. Which insuring agreement in a financial institution bond is designed

to cover such losses?
Business
1 answer:
PIT_PIT [208]3 years ago
4 0

Answer:

Fidelity Bond

Explanation:

Based on the information provided within the question it can be said that the type of insurance that covers this is a Insuring Agreement called a Fidelity Bond. This is a type of insurance that covers the buyer of the policy from any losses that they may incur from a specific individual that works for them embezzling money or doing any other fraudulent behavior. Similar to what the head teller did to the bank in this scenario.

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