A small exporter sends consignments to customers overseas. Replacing a shipment lost in transit would use most of the business's available funds. The exporter is considering insurance covering this risk.
Explain one way this insurance could help the exporter.
82 exam-style questions on OCR GCSE Economics 2.8 The role of money and financial markets, covering 2.8.1 Money as a medium of exchange, 2.8.2 Role of the financial sector, 2.8.3 Importance of the financial sector, 2.8.4 Interest rates and saving, borrowing, investment, and 2.8.5 Effect of interest rate changes. Each one has a worked solution and a mark scheme showing where the marks go.