Without insurance, individuals would have to do all of the following except _____. A.) accumulate a...

Without insurance, individuals would have to do all of the following except _____.

A.)		accumulate a reserve fund for emergencies.
B.)		keep reserve funds in highly liquid low-risk investment.
C.)		invest reserves in short-term assets.
D.)		depend on an insurance company to help them out in an emergency.

Expert Solution

Answer is option (D) Depend on an insurance company to help them out in an emergency.

Explanation;

Without insurance, individuals can not depend on an insurance company to help them out in an emergency because insurance company help the individuals if they have taken insurance from the insurance company. Hence as per question, correct answer is option (D).

jeff jeffy answered 2 years ago

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