Ask Question
BusinessBusiness
26 February, 21:33

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?

+5
Answers (1)
  1. 27 February, 00:08
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The head teller of a bank embezzled $50,000 from the bank. Which insuring agreement in a financial institution bond is designed to cover ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Heidi Ganahl brings a personal approach to managerial decision making and problem solving. In which of the following stages would she employ brainstorming with employees to address an issuea. Evaluating the solution b. Selecting an alternative c.
Answers (1)
Assume that Dr. Early is an independent contractor for Pharzime, and Dr. Early sells the hospital 1,000 Gensol tablets. Pharzime does not deliver on time, and the hospital sues Dr. Early for the breach of the contract. Dr.
Answers (2)
Timothy Carter has a net monthly income of $5,100. He has a monthly auto loan payment of $675, a student loan payment of $345, a mortgage payment of $1,660, and a credit card minimum payment of $110. What is his debt-payments-to-income ratio?
Answers (1)
Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a single unit of something. C. The most efficient way of organizing production. D. The difference between revenue and costs.
Answers (1)
Who among the following was mentioned as asking what it means to live a good life?
Answers (1)
New Questions in Business
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 160.00 Variable expenses per unit $ 91.
Answers (1)
An example of manufacturing overhead costs would be Group of answer choices a. direct material costs. b. factory production line wage costs. c. indirect material costs. d. utility costs for administrative offices. e. Both c and d.
Answers (1)
It will rain with probability 0.8. if it does, you earn $200 and if not, you earn $400. the expected value is:
Answers (1)
The Federal Reserve transfers profits from its twelve regional banks to investment and commercial banks. central banks in Europe and Asia. the Department of Commerce. the Department of the Treasury.
Answers (1)
In 150-words, explain what happens in an economy when the financial markets limit access to capital. How does this affect economic growth and employment
Answers (1)
Home » Business » 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?
Sign Up Forgot Password?