Which of the Following Statements Is True Regarding Credit Insurance

question 84

Multiple Choice

Which of the following statements is true regarding credit insurance?

• A) It does not cover losses from credit customers not paying their bills.
• B) It refers to credit provided by merchants to their customers on purchased products.
• C) It requires the merchant to provide co-insurance in the amount of 10 to 20 percent of the credit loss.
• D) It is only available to retailers.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability within a data set, indicating how spread out the values are.

Percentile

A statistical value that indicates the relative standing of a data point within a dataset, often used to compare individual scores to a broader population.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers together and then dividing by the count of those numbers.

Reliable

The quality of being consistently good in quality or performance; trustworthy.