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Thursday, 30 April 2026
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The financial institution that specializes in risk spreading is called

The financial institution that specializes in risk spreading is called
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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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