Question on: JAMB Commerce - 2014
A trader who experienced loss through fire can be restored by
A
an insurance company
B
a trade association
C
the bank
D
an advertising agency
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Correct Option: B
A trader who suffers a loss due to fire can be restored financially by an insurance company. The insurance company would have provided coverage to the trader and therefore would offer financial compensation to cover the loss.
- A trade association supports businesses but doesn't offer financial compensation for losses.
- A bank provides financial services, but won't cover losses from events like fire.
- An advertising agency helps with marketing and promotion, not financial recovery from disasters.
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