select the correct answer. which term describes the practice of paying a sum of money as compensation for…

select the correct answer. which term describes the practice of paying a sum of money as compensation for loss? a. face value b. basic value c. indemnity

select the correct answer. which term describes the practice of paying a sum of money as compensation for loss? a. face value b. basic value c. indemnity

Answer

Brief Explanations:

Indemnity is the practice of compensating for loss with a sum of money. Face - value is the nominal value of a financial instrument, and basic value is not a term related to this context.

Answer:

C. indemnity