Most people purchase insurance because they are _____. risk-tolerant risk-averse risk-return risk indifferent

Most people purchase insurance because they are _____.

		risk-tolerant
		risk-averse
		risk-return
		risk indifferent

Expert Solution

Most people purchase insurance because they are RISK-AVERSE

Risk Averse is a person who does not prefer to take risks and try to avoid or mitigate them.

jeff jeffy answered 2 years ago

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Most people purchase insurance because they are _____. risk-tolerant risk-averse risk-return risk indifferent

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