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Home Q & A Board Other Fields Homework Help Business Insurance
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chouri chouri
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7 years ago
Which of the following statements regarding insurance and gambling is (are) true?
I.   Insurance is used to handle existing pure risks, while gambling creates a new speculative risk.
II.   Insurance usually involves risk avoidance, while gambling typically involves only risk reduction.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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7 years ago
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chouri Author
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#2
6 years ago
I've gotta say, you've helped tremendously
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