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
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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