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The financial institution that specializes in risk spreading is called

Economics
WAEC 2012

The financial institution that specializes in risk spreading is called

  • A. an investment bank
  • B. a development bank
  • C. an insurance company
  • D. the stockexchange
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Correct Answer: Option C
Explanation

Insurance company is a financial institution that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship to personal and business assets 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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