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The primary difference between entering into a gamble and purchasing insurance is that

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7 years ago

The primary difference between entering into a gamble and purchasing insurance is that

The primary difference between entering into a gamble and purchasing insurance is that
A) gambling is in many circumstances illegal and insurance is legal.
B) with all types of insurance you are always financially better off, whereas, with gambles, you are always financially worse off.
C) a gamble involves pure risk, whereas insurance involves speculative risk.
D) in a gamble the odds are known with certainty.

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Personal Finance: An Integrated Planning Approach

Edition: 8^th

Author: Frasca

Read 121 times

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GoodMad_ Author

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7 years ago

Another one bites the dust, as in, it's right Smiling Face with Open Mouth

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