A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A group of robbers staged a daring robbery. They forced the armored car off the road, shot two guards, and took over $120,000 in cash
Which insuring agreement in a financial institution bond would cover the stolen money in this case?
A) Insuring Agreement A—Fidelity
B) Insuring Agreement B—On Premises
C) Insuring Agreement C—In Transit
D) Insuring Agreement D—Forgery or Alteration
Answer: C
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Janet is a financial aid counselor at a local community college and she shares an office with her three coworkers. Janet feels safe in her office environment and frequently leaves her username and password on a sticky note next to her computer. Without realizing it Janet is creating the potential for which type of information security breach to occur?
A. Insiders to hack into the college system. B. Viruses and worms to spread through the college system. C. Dumpster diving to find usernames and passwords. D. All of these.
Which of the following sampling methods would the following formula be used with?
Probability of selection = Sample size/Population size A) Simple random B) Systematic C) Cluster D) Stratified E) Judgment
Differences between income before taxes and taxable income are either ____________________ or ____________________
Fill in the blank(s) with correct word
What was the main argument of FASB Interpretation 3?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.