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Author Question: A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A ... (Read 59 times)

appyboo

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on: Jul 11, 2018
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 AFidelity
  B) Insuring Agreement BOn Premises
  C) Insuring Agreement CIn Transit
  D) Insuring Agreement DForgery or Alteration

Question 2

An armed robber pulled a gun on a teller at the Fourth National Bank. He made off with over 10,000 in cash. Which insuring agreement in a financial institution bond is designed to cover such losses?
 
  A) Insuring Agreement AFidelity
  B) Insuring Agreement BOn Premises
  C) Insuring Agreement CIn Transit
  D) Insuring Agreement DForgery or Alteration


bd5255

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


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