Two tellers of a Tenth National Bank branch colluded to embezzle $40,000 over a six-month period. State bank examiners detected the embezzlement during a routine bank examination. Tenth National purchased a financial institution bond
Under which of the following insuring agreements is this loss covered?
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: A
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