Which of the Following Statements Is True Regarding Credit Insurance

question 38

Multiple Choice

Which of the following statements is true regarding credit insurance?

• A)It covers normal losses from credit customers not paying their bills.
• B)Typical covered events include recessions,wars,or trade embargos.
• C)It requires the merchant to provide co-insurance in the amount of 10 to 20 percent of the credit loss.
• D)It is available only for retailers.

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Definitions:

Endodermal

Pertaining to the innermost layer of the embryonic germ layers, which gives rise to the lining of the digestive and respiratory systems.

Epidermal

Relating to the epidermis, the outermost layer of skin, which provides a barrier against environmental damage.

Afterbirth

The placenta and fetal membranes expelled from the uterus following the birth of a baby.

Placental Stage

The third and final stage of childbirth where the placenta is delivered.