Examlex

Solved

What,particularly in a Developing Country,is the Most Visible and Vital

question 5

Multiple Choice

What,particularly in a developing country,is the most visible and vital component of the financial system (as acceptor of deposits and grantor of shorter-term credit) ?


Definitions:

Indemnify

To compensate for harm or loss, or to provide a security against any financial burden that might arise.

Fire

A rapid oxidation process generating heat, light, and various reaction products, often used for heating, power generation, or as a hazard.

Co-Insurance

An insurance policy feature where the insured party and the insurer share the covered losses in a defined proportion.

Insured

The individual or entity covered by an insurance policy, which provides protection against loss or damage.

Related Questions